Global insurance deals totaled $4.61 billion in September 2019

In the first half of 2019, insurance industry merger and acquisition (M&A) deals broke records, and according to new data from GlobalData, M&A activity is still in full swing.

In September 2019, 84 global insurance industry deals worth $4.61 billion were announced. The value, however, represents a 17.05% decrease over the previous month, a 20.5% drop from the 12-month average of $5.8 billion, and an 8.7% decline from the 12-month average in terms of the number of deals.

Deals in North American alone represented nearly 97% ($4.49B) of all the transactions announced for the month.

The top deals of September 2019

According to GlobalData’s deals database, the top five insurance industry deals in September 2019 were:

1. Prudential Financial’s acquisition of Assurance IQ for $3.5 billion
2. The private equity deal with Pareto Health by Great Hill Partners for $80 million
3. The venture financing of Bold Penguin for $32 million by Guggenheim Partners, Hudson Structured Capital Management, LSV Capital Management, Lockton, and Stone Point Capital
4. Bertelsmann Asia Investments, Lightspeed China Partners, YF Capital, and Zhen Fund’s venture financing deal of Hangzhou Fansheng Technology for $28.29 million
5. The $24.5 million venture financing of Vouch by 500 Startups Management, Index Ventures (UK), Ribbit Capital, SVB Financial Group, and Y Combinator Management

Combined, the top five deals totaled $3.66 billion and accounted for 79.4% of the overall value during September 2019, says GlobalData.

Related: 

• Here’s what you missed at S&P Global Market Intelligence’s M&A Symposium
• InsurTechs achieved a record-breaking $3B in investments in first-half 2019
• Hot M&A market continues for insurance agencies