Total insurance industry deals for Q4 2020 worth $14.87bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 28.91% over the previous quarter and a drop of 36.2% when compared with the last four-quarter average of $23.57bn.
In terms of number of deals, the sector saw a rise of 42.7% over the last four-quarter average with 204 deals against the average of 143 deals.
In value terms, North America led the activity with deals worth $7.46bn.
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By GlobalDataInsurance industry deals in Q4 2020: Top deals
The top five insurance deals accounted for 54.5% of the overall value during Q4 2020.
The combined value of the top five insurance deals stood at $8.1bn, against the overall value of $14.87bn recorded for the month.
The top five insurance industry deals of Q4 2020 tracked by GlobalData were:
1) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency
2) The $1.2bn private equity deal with Genworth MI Canada by Brookfield Business Partners
3) White Mountains Insurance Group’s $1bn acquisition of Group Ark Insurance
4) The $1bn private equity deal with Convex Group by Onex, Onex Partners V and GIC
5) Onex Group and Onex Partners V’s private equity deal with Digital Insurance for $960m.
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.
