Total insurance industry M&A deals announced in August 2019 globally were worth $4.04bn, according to GlobalData’s deals database


Mergers and acquisitions (M&A) in the global insurance industry reached more than $4bn during the month of August, according to GlobalData.

The company’s deals database tracked $4.04bn of insurance M&A globally.

The value marked a decrease of 15.7% over the previous month and a drop of 13.6% when compared with the last 12-month average, which stood at $4.68bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.69bn.

At the country level, Canada topped the list in terms of deal value at $2.69bn.

In terms of volumes, North America emerged as the top region for insurance industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in August 2019 was the US with 27 deals, followed by Canada with six and the UK with five.

In 2019, as of the end of August 2019, insurance M&A deals worth $18.84bn were announced globally, marking a decrease of 68.6% year on year.

The top five insurance industry M&A deals accounted for 89% of the overall value during August 2019.

The combined value of the top five insurance M&A deals stood at $3.59bn, against the overall value of $4.04bn recorded for the month.

These were the top five insurance industry deals of August 2019:

Brookfield Business Partners’ $1.93bn acquisition of Genworth MI Canada;

Intact Financial’s $753.3m acquisition of Frank Cowan and The Guarantee of North America;

Allianz’s $741.72m asset transaction with Sul America;

AUB Group’s $136.72m acquisition of Coverforce;

and Sdiptech Publ’s acquisition of Auger Site Investigations for $30.28m.