US insurance M&A totals US$4.57bn in Q4 2020

Total insurance M&A deals in Q4 2020 worth US$4.57bn were announced in the US -- a decrease of 5.2% over the previous quarter and 5.6% on the last four-quarter average, according to GlobalData.

The US held a 56.6% share of the global insurance industry M&A deal value that totalled US$8.08bn in Q4 2020.

In terms of deal activity, the US recorded 73 deals during Q4 2020, marking a rise of 46% over the previous quarter and a rise of 69.8% over the last four-quarter average.

The top five insurance industry deals of Q4 2020 tracked by GlobalData were Farmers Exchanges and Farmers Group’s US$3.94bn acquisition of MetLife Auto & Home Insurance Agency; the US$370m acquisition of American Access Casualty by Kemper; Aflac’s US$200m acquisition of Trupanion; the US$43m acquisition of EPG Insurance by Assurant; and Kingsway Financial Services’ acquisition of PWI for US$18.67m.

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