Total insurance industry M&A deals worth $2.4bn were announced globally in July 2021, led by Standard Bank Group’s $594.27m acquisition of Liberty Holdings, according to GlobalData’s deals database.
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The value marked a decrease of 40.9% over the previous month of $4.06bn and a drop of 40.2% when compared with the last 12-month average, which stood at $4.01bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1bn. At the country level, the South Africa topped the list in terms of deal value at $594.27m.
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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By GlobalDataThe top country in terms of M&A deals activity in July 2021 was the US with 15 deals, followed by the UK with four and Canada with three.
In 2021, as of July, insurance M&A deals worth $23.99bn were announced globally, marking an increase of 17.1% year on year.
insurance industry M&A deals in July 2021: Top deals
The top five M&A deals accounted for 83.2% of the overall value during July 2021.
The combined value of the top five insurance M&A deals stood at $1.99bn, against the overall value of $2.4bn recorded for the month.
The top five insurance industry M&A deals of July 2021 tracked by GlobalData were:
1) Liberty Holdings $594.27m acquisition deal with Standard Bank Group
2) The $541.39m acquisition of Embark Group by Lloyds Banking Group
3) InTelCo Management $398m acquisition deal with Delticus Holdco
4) The $188.72m acquisition of Elba Assicurazioni by REVO
5) Ark Life Assurancedac $272m acquisition deal with Irish Life Group