Total insurance industry M&A deals in Q4 2020 worth $8.08bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 6.6% over the previous quarter and a drop of 56% when compared with the last four-quarter average, which stood at $18.6bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.62bn. At the country level, the US topped the list in terms of deal value at $4.57bn.

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 Q4 2020 was the US with 73 deals, followed by the UK with 22 and Canada with nine.

In 2020, as of the end of Q4 2020, insurance M&A deals worth $63.02bn were announced globally, marking an increase of 59.1% year on year.

Insurance industry M&A deals in Q4 2020: Top deals

The top five insurance industry M&A deals accounted for 80.6% of the overall value during Q4 2020.

The combined value of the top five insurance M&A deals stood at $6.51bn, against the overall value of $8.08bn 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 $1bn acquisition of Group Ark Insurance by White Mountains Insurance Group

3) Arch Capital Group’s $622m acquisition of Watford Holdings

4) The $474.75m acquisition of AXA Cooperative Insurance, AXA Insurance (Gulf)(c) and AXA Green Crescent Insurance Co by Gulf Insurance Group KSCP

5) Unione di Banche Italiane’s acquisition of Aviva Vita for $474.2m.

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.