Total insurance industry M&A deals in February 2020 worth $3.15bn were announced in the US, according to GlobalData’s deals database. The value marked an increase of 1873.1% over the previous month and a rise of 98.9% when compared with the last 12-month average of $1.58bn.
The US held a 59.8% share of the global insurance industry M&A deal value that totalled $5.27bn in February 2020. In terms of deal activity, the US recorded 34 deals during February 2020, marking a decrease of 8.1% over the previous month and a drop of 10.5% over the 12-month average.
The US insurance industry M&A deals in February 2020: Top deals
The top three insurance industry M&A deals accounted for 100% of the overall value during February 2020.
The combined value of the top three insurance M&A deals stood at $3.15bn, against the overall value of $3.15bn recorded for the month.
The top three insurance industry deals of February 2020 tracked by GlobalData were:
- Fidelity National Financial’s $2.7bn acquisition of FGL Holdings
- The $450m acquisition of NORCAL Mutual Insurance by ProAssurance
- Reliance Global Group’s $1m acquisition of Nsure
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