Europe’s insurance industry sees a drop of 4.6% in deal activity in Q3 2019

Europe’s insurance industry saw a drop of 4.6% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 62 deals worth $1.04bn were announced for the region during Q3 2019, against the last four-quarter average of 65 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 43, representing a 69.4% share for the region.

In second place was venture financing with 12 deals, followed by private equity deals with seven transactions, respectively capturing a 19.3% and 11.3% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s insurance industry with $755.7m, while private equity and venture financing deals totalled $215.57m and $65.83m, respectively.

Europe insurance industry deals in Q3 2019: Top deals

The top five insurance deals accounted for 88.03% of the overall value during Q3 2019.

The combined value of the top five insurance deals stood at $912.98m, against the overall value of $1.04bn recorded for the quarter.

The top five insurance industry deals of Q3 2019 tracked by GlobalData were:

1. Assicurazioni Generali’s $572.1m acquisition of Seguradoras Unidas
2. The $138m private equity deal with Euro Accident Health & Care Insurance by Impilo
3. Assicurazioni Generali’s $100.96m acquisition of AdvanceCare – Gestao de Servicos de Saude
4. The $52.37m acquisition of Paragon International by PSC Insurance Group
5. BlackRock, Legg Mason and Merian Chrysalis Investment’s private equity deal with Embark Group for $49.56m.