Global insurance M&A at highest level for four years

Global insurance industry M&A rose in the first half of 2019 with 222 deals completed worldwide, up from 196 in the second half of 2018, according to today’s mid-year report from Clyde & Co. This marks the biggest increase in the volume of transactions since H1 2015 and the fourth consecutive six-month period of growth.

While the Americas was the most active region with 93 deals, the biggest increase in activity was in Europe, which saw an 40% rise with 88 completed deals compared with 64 in the previous six months as companies move on from the diversion of Brexit preparations. France was the leading European country – and second most active worldwide behind the US – ahead of the UK and Spain. There were 38 deals in Asia-Pacific, marking the fourth consecutive period of rising deal volume to the highest level since 2015. Japanese acquirers were again the most active ahead of Australia and India.

Ivor Edwards, partner and European head of the corporate insurance group at Clyde & Co, says: “Despite recent signs of market hardening, delivering a positive result for shareholders remains challenging and M&A is an attractive strategy to deliver growth for re/insurance businesses around the world. In Europe, now that the majority of re/insurers are Brexit-ready, they have been able to divert management attention back towards their growth ambitions. As a result, we have seen a surge in completed deals in 2019 that had been put on hold. Deal-makers elsewhere have been buoyed by a combination of strong economic growth, notably in the US, and positive growth prospects for the insurance sector, especially in Asia-Pacific.”

    Share Story:

Recent Stories

Financial institutions were early adopters of cyber security and insurance. Are they still on top of the game?
Managing huge amounts of sensitive data online makes financial institutions a prime target for hackers. As such, the sector was an early cohort for insurers in creating cyber cover. Since then, the market has evolved almost beyond recognition. It continues to challenge itself to this day, complying with rigorous regulatory demands and implementing avant-garde enhancements to keep abreast of the ever-changing risks. Published June 2021

Manufacturing: An industry at risk amid great technological change
Of the many sectors of business, manufacturing companies are among the most at risk from cyber threats. How has the sector evolved to make it so vulnerable and what does the task of managing cyber exposure in a manufacturing company look like? CIR’s latest podcast with Tokio Marine HCC sought to answer all these questions and more. Published April 2021