Total insurance industry deals worth $4.55bn were announced globally for February 2021, with the $3.88bn acquisition of Aviva France being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 50.4% over the previous month of $9.18bn and a rise of 16.1% when compared with the last 12-month average of $3.92bn.
In terms of number of deals, the sector saw a drop of 9.09% with 20 deals in February 2021 when compared to the last 12-month average of 22 deals.
In value terms, Europe led the activity with deals worth $4.05bn in February 2021.
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By GlobalDatainsurance industry deals in February 2021: Top deals
The top five deals accounted for 99.7% of the overall value during February 2021.
The combined value of the top five deals stood at $4.54bn, against the overall value of $4.55bn recorded for the month.
The top five insurance industry deals of February 2021 tracked by GlobalData were:
1) Aema Groupe’s $3.88bn acquisition of Aviva France
2) The $338m acquisition of Protective Insurance by The Progressive
3) Ageas Insurance International’s $170.8m acquisition of AvivaSA Emeklilik ve Hayat
4) The $114m private equity deal of Independent Insurance Group by Kilter Finance and LKCM Headwater Investments
5) 3L Capital and HSCM Bermuda Management’s venture financing deal with Dealerpolicy for $30m.
