Globally, insurance deals amounted to $15.17bn for quarter three this year
Research by data analysis and consultancy organisation GlobalData revealed that deals within the UK insurance market for quarter three in 2019 amounted to $139m (£105m) across 31 transactions.
Insurance deals around the world, however, reached $15.17bn in Q3 this year – this marked a 51% increase when compared to quarter two of 2019 globally, but was still a 27.2% decrease from the $20.84bn total recorded this time last year.
Worldwide, there have been 302 deals in the insurance market; a 13.1% rise over the last four quarters from 267. North America had the highest deal activity, worth $9.27bn.
Top deals
The top five insurance deals globally accounted for 65.5% of the overall value recorded in 2019’s Q3; the combined value of these deals totalled $9.93bn.
The top five global insurance deals are:
- Prudential Financial’s $3.5bn acquisition of Assurance IQ.
- The $3.01bn acquisition of SCB Life Assurance Public by FWD Group Financial Services.
- Brookfield Business Partners’s $1.93bn acquisition of Genworth MI Canada.
- The $753.3m acquisition of Frank Cowan and the Guarantee of North America by Intact Financial.
- Allianz’s asset transactions with Sul America for $741.72m.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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