Total insurance industry deals worth $679.6m were announced globally for April 2021, with the $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 96.6% over the previous month of $20.21bn and a drop of 91.4% when compared with the last 12-month average of $7.92bn.
In terms of number of deals, the sector saw a rise of 7.14% with 45 deals in April 2021 when compared to the last 12-month average of 42 deals.
In value terms, North America led the activity with deals worth $407.31m in April 2021.
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By GlobalDatainsurance industry deals in April 2021: Top deals
The top five deals accounted for 97.3% of the overall value during April 2021.
The combined value of the top five deals stood at $661.21m, against the overall value of $679.6m recorded for the month.
The top five insurance industry deals of April 2021 tracked by GlobalData were:
1) The $272.33m merger of Amana Cooperative Insurance and Saudi Enaya Cooperative Insurance
2) The $200m venture financing of Clearcover by American Family Ventures, Cox Enterprises, Eldridge Industries and OMERS Ventures
3) Vestar Capital Partners’ $100m private equity deal with Friday Health Plans
4) The $60m asset transaction deal of Cigna by Molina Healthcare
5) Fathom Realty’s acquisition deal with E4:9 Holdings for $28.88m.