Insurance industry mergers and acquisitions in the United States in the third quarter of 2019 totaled $4.17 billion, according to GlobalData's deals database.
The value marked an increase of 51.2 percent over the previous quarter and a rise of 34.2 percent when compared with the last four-quarter average of $3.11 billion.
According to GlobalData, the US held a 33.8 percent share of the global insurance industry mergers and acquisitions deal value, which totaled $12.35 billion in the third quarter.
In terms of deal activity, the United States recorded 121 deals during the third quarter, marking a rise of 12.04 percent over the previous quarter and a rise of 4.3 percent over the last four-quarter average.
The top insurance industry deals of the third quarter as tracked by GlobalData were:
- Prudential Financial's $3.5 billion acquisition of Assurance IQ.
- The $384.25 million acquisition of White Eagle Asset Portfolio by Jade Mountain Partners.
- Markel's $212.5 million acquisition of The Hagerty Group.
- The $75 million acquisition of Pavonia Life Insurance by Aspida Financial.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].