GlobalData releases M&A figures for December 2019

Arrows moving forward together

The end of last year saw the value of M&A deals increase by 470.5 per cent from the previous month

According to the data and analysis firm’s deals database, in December last year, insurance M&A deals were worth a total of US$12.92 billion. This represents a rise of 336.3 per cent compared with the overall average of the preceding 12 months, which stood at $2.96 billion.

Looking at the geographical breakdown, North America saw the highest overall value of deals, with $8.27 billion, with Europe coming second and the Asia-Pacific region third.

According to GlobalData, the top five insurance industry deals completed in December 2019 were: New York Life Insurance and Cigna’s $6.3-billion asset transaction; Phoenix Group Holdings’ acquisition of ReAssure Group, worth $4.27 billion; Resolution Life Holdings and Voya Financial’s $1.25-billion asset transaction; IA Financial Group’s $720-million acquisition of IAS Parent Holdings; and RBM Assicurazione Salute’s acquisition by Intesa Sanpaolo, which was worth $333.73 million.

These five deals accounted for nearly 100 per cent of the overall value of insurance M&As for the month of December.