The US insurance industry saw a rise of 26% in overall deal activity during October 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 63 deals worth $3.96bn were announced in October 2019, compared to the 12-month average of 50 deals.

M&A was the leading category in the month in terms of volume with 44 deals which accounted for 69.8% of all deals.

In second place was venture financing with 15 deals, followed by private equity with four transactions, respectively accounting for 23.8% and 6.4% of overall deal activity in the country’s insurance industry during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of deals, M&A was the leading deal category in the US insurance industry with total deals worth $3.15bn, while private equity and venture financing deals totalled $500m and $316.81m, respectively.

US insurance industry deals in October 2019: Top deals

The top five insurance industry deals accounted for 98.9% of the overall value during October 2019.

The combined value of the top five insurance deals stood at $3.92bn, against the overall value of $3.96bn recorded for the month.

The top five insurance industry deals of October 2019 tracked by GlobalData were:

1) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters

2) The $500m private equity deal with Constellation Insurance Holdings by Caisse de depot et placement du Quebec and Ontario Teachers’ Pension Plan

3) American Express Ventures, Group 11, Munich Re Group and Zeev Ventures’ $250m venture financing of Next Insurance

4) The $45.1m acquisition of Westminster American Insurance by NI

5) AXA Venture Partners, IAC (InterActiveCorp), Open Ocean Capital and Slow Ventures’ venture financing of Verifly Insurance Services for $22m.

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.