Revealed: massive value of insurance deals globally in Q3

Largest five deals account for more than half of overall value

Revealed: massive value of insurance deals globally in Q3

Insurance News

By Duffie Osental

The total value of insurance deals in the third quarter of 2019 reached US$15.17 billion globally, according to a new report.

The figure represents an increase of 51% over the previous quarter and a drop of 27.2% when compared with the last four-quarter average of US$20.84 billion, according to research firm GlobalData.

The sector saw a 13.1% rise in total deals over the last four-quarter average with 302 deals against the average of 267 deals. The report also revealed that, in value terms, North America led the activity with deals worth US$9.27 billion.

The top five insurance deals accounted for 65.5% of the overall value with a combined value of US$9.93 billion. Included in the top five deals were: Prudential Financial’s US$3.5 billion acquisition of Assurance IQ; the US$3.01 billion acquisition of SCB Life Assurance Public by FWD Group Financial Services, Brookfield Business Partners’ US$1.93 billion acquisition of Genworth MI Canada; the US$753.3million acquisition of Frank Cowan and The Guarantee of North America by Intact Financial; and Allianz’s asset transaction with Sul America for US$741.72 million.

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