Total insurance industry M&A deals worth $4bn were announced globally in June 2021, led by AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd, according to GlobalData’s deals database.
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The value marked an increase of 88.7% over the previous month of $2.13bn and a rise of 8.7% when compared with the last 12-month average, which stood at $3.7bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.48bn. At the country level, the China topped the list in terms of deal value at $2.12bn.
In terms of volumes, Asia-Pacific emerged as the top region for insurance industry M&A deals globally, followed by North America and then Europe.
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By GlobalDataThe top country in terms of M&A deals activity in June 2021 was the US with eight deals, followed by the Malaysia with four and India with two.
In 2021, as of June, insurance M&A deals worth $21.21bn were announced globally, marking an increase of 54.1% year on year.
insurance industry M&A deals in June 2021: Top deals
The top five M&A deals accounted for 74.4% of the overall value during June 2021.
The combined value of the top five insurance M&A deals stood at $2.99bn, against the overall value of $4bn recorded for the month.
The top five insurance industry M&A deals of June 2021 tracked by GlobalData were:
1) AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd
2) The $467.37m acquisition of CommInsure by Hollard Insurance Group
3) Allstate’s $300m acquisition of SafeAuto Insurance
4) The $257.18m acquisition of HDFC ERGO General InsuranceLimited by HDFC Bank
5) WeSure Insurance’s acquisition of 50.4% stake in Ayalon Holdings for $109.92m.