Total life insurance industry deals worth $6.8bn were announced globally for August 2021, with the $5.1bn acquisition of American National Group being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 5.3% over the previous month of $7.22bn and a rise of 58.3% when compared with the last 12-month average of $4.32bn.

In terms of number of deals, the sector saw a rise of 3.70% with 28 deals in August 2021 when compared to the last 12-month average of 27 deals.

In value terms, North America led the activity with deals worth $6.13bn in August 2021.

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life insurance industry deals in August 2021: Top deals

The top five deals accounted for 97.8% of the overall value during August 2021.

The combined value of the top five deals stood at $6.69bn, against the overall value of $6.8bn recorded for the month.

The top five life insurance industry deals of August 2021 tracked by GlobalData were:

1) Brookfield Asset Management Reinsurance Partners $5.1bn acquisition deal with American National Group

2) The $900m acquisition of Triple-S Management by GuideWell Mutual Holding

3) TAL Dai-ichi Life Australia $665.66m acquisition deal with Westpac Life Insurance Services

4) The $13m venture financing of Afilio – Gesellschaft fur Vorsorge by Cavalry Ventures Management,Cherry Ventures Management,CommerzVentures,eToro Group,Marqeta and SpeedInvest

5) Evolvence India Fund II $9.98m venture financing deal with D2C Insurance Broking