Total insurance industry M&A deals in Q2 2019 worth $6.12bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 131.7% over the previous quarter and a drop of 54.2% when compared with the last four-quarter average, which stood at $13.38bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.23bn. At the country level, the US topped the list in terms of deal value at $2.31bn.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of M&A deals activity in Q2 2019 was the US with 104 deals, followed by Canada with 19 and the UK with 17.

In 2019, as of the end of Q2 2019, insurance M&A deals worth $8.76bn were announced globally, marking a decrease of 81.4% year on year.

Insurance industry M&A deals in Q2 2019: Top deals

The top five insurance industry M&A deals accounted for 74.9% of the overall value during Q2 2019.

The combined value of the top five insurance industry M&A deals stood at $4.59bn, against the overall value of $6.12bn recorded for the quarter. The top announced insurance industry M&A deal tracked by GlobalData in Q2 2019 was Principal Financial Group’s $1.2bn asset transaction with Wells Fargo.

In second place was the $1.06bn acquisition of Allianz Popular by Banco Santander and in third place was American Family Insurance Group’s $1.05bn asset transaction with Ameriprise Financial.

The $729.42m acquisition of Liverpool Victoria General Insurance Group by Allianz (UK) and Baloise Holding’s acquisition of Fidea for $542.29m held fourth and fifth positions, respectively.

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.