Total insurance industry M&A deals in Q4 2020 worth $232.32m were announced in the UK, according to GlobalData’s deals database.
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The value marked a decrease of 90.3% over the previous quarter and a drop of 97.7% when compared with the last four-quarter average of $10.03bn.
The UK held a 2.9% share of the global insurance industry M&A deal value that totalled $8.08bn in Q4 2020.
In terms of deal activity, the UK recorded 22 deals during Q4 2020, marking a rise of 10% over the previous quarter and a rise of 29.4% over the last four-quarter average.
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By GlobalDataThe UK insurance industry M&A deals in Q4 2020: Top deals
The top five insurance industry M&A deals accounted for 97% of the overall value during Q4 2020.
The combined value of the top five insurance M&A deals stood at $225.23m, against the overall value of $232.32m recorded for the month.
The top five insurance industry deals of Q4 2020 tracked by GlobalData were:
1) Tesco Personal Finance’s $135.2m acquisition of Tesco Underwriting
2) The $33.62m acquisition of Vibe Corporate Member, Vibe Services Management and Vibe Syndicate Management by Randall & Quilter II
3) Inigo’s $30m acquisition of StarStone Underwriting
4) The $13.24m asset transaction with MS Amlin by Aston Lark
5) Aston Lark’s acquisition of Haven Knox-Johnston for $13.16m.
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.