Total insurance industry deals worth $15.36bn were announced globally for March 2021, with the $10.91bn merger of Apollo Global Management and Athene Holding being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 212.2% over the previous month of $4.92bn and a rise of 271.9% when compared with the last 12-month average of $4.13bn.
In terms of number of deals, the sector saw a rise of 54.55% with 34 deals in March 2021 when compared to the last 12-month average of 22 deals.
In value terms, North America led the activity with deals worth $13.95bn in March 2021.
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By GlobalDatainsurance industry deals in March 2021: Top deals
The top five deals accounted for 97% of the overall value during March 2021.
The combined value of the top five deals stood at $14.89bn, against the overall value of $15.36bn recorded for the month.
The top five insurance industry deals of March 2021 tracked by GlobalData were:
1) The $10.91bn merger of Apollo Global Management and Athene Holding
2) The $1.3bn asset transaction with Assurant by CUNA Mutual Group
3) Allianz and CNP Assurances’ $1.18bn asset transaction with Aviva
4) The $1bn acquisition deal of Ohio National Financial Services and Ohio National Mutual Holdings by Constellation Insurance Holdings
5) Blend Labs’ acquisition deal with Title365 for $500m.
