Total non-life insurance industry deals for Q2 2019 worth $2.95bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 372.3% over the previous quarter and a drop of 54.3% when compared with the last four-quarter average of $6.47bn.
In terms of number of deals, the sector saw a drop of 25% over the last four-quarter average with 30 deals against the average of 40 deals.
In value terms, North America led the activity with deals worth $1.81bn.
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By GlobalDataNon-life insurance industry deals in Q2 2019: Top deals
The top five non-life insurance deals accounted for 96.2% of the overall value during Q2 2019.
The combined value of the top five non-life insurance deals stood at $2.84bn, against the overall value of $2.95bn recorded for the quarter. The top announced non-life insurance deal tracked by GlobalData in Q2 2019 was Onex Partners’s $1.8bn private equity deal with Convex Re.
In second place was the $468.2m acquisition of Vivat Schadeverzekeringen by NN Group and in third place was Allianz’s $305.4m asset transaction with Legal & General Group.
The $193.14m acquisition of Apollo Munich Health Insurance Limited by Housing Development Finance and Bank Rakyat Indonesia (Persero)’s acquisition of PT. Asuransi Bringin Sejahtera Artamakmur for $72.8m 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.