Total insurance industry deals for October 2019 worth $8.09bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 76% over the previous month and a rise of 80.4% when compared with the last 12-month average of $4.48bn.
In terms of number of deals, the sector saw a rise of 18.3% over the last 12-month average with 110 deals against the average of 93 deals.
In value terms, North America led the activity with deals worth $3.96bn.
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By GlobalDataInsurance industry deals in October 2019: Top deals
The top five insurance deals accounted for 76.5% of the overall value during October 2019.
The combined value of the top five insurance deals stood at $6.19bn, against the overall value of $8.09bn recorded for the month.
The top five insurance industry deals of October 2019 tracked by GlobalData were:
1) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters
2) The $1.55bn private equity deal with Athene Holding by Apollo Global Management
3) Napean Opportunities and WP Honey Wheat lnvestment’s $640m private equity deal with SBI General InsuranceLimited
4) The $500m private equity deal with Constellation Insurance Holdings by Caisse de depot et placement du Quebec and Ontario Teachers’ Pension Plan
5) Tiberius Acquisition’s acquisition of International General Insurance Holdings for $398m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
