At $4.17 billion, insurance industry mergers & acquisition deals in the US during the third quarter of 2019 spiked 51.2% against the previous quarter, according to GlobalData’s deal database.
This figure represents a 34.2% rise when compared with the last four-quarter average of $3.11 billion.
The data and analytics firm explains that the US held a 33.8% share of the global insurance M&A deal value, that totalled $12.35 billion in Q3 2019.
The top three deals listed include Prudential Financial’s $3.5 billion acquisition of Assurance IQ; the $384.25 million acquisition of White Eagle Asset Portfolio by Jade Mountain Partners; and Markel’s $212.5 million acquisition of The Hagerty Group.
In terms of deal activity, GlobalData says the US recorded 121 deals during the third quarter, marking a rise of 12% over the previous quarter and a rise of 4.3% over the last four-quarter average.
