| Top 6 Global Insurance-Related Mergers And Acquisitions Announced, 2023 (1) |
($ millions)
|
| Rank |
Buyer (country) |
Target (country) |
Sector |
Transaction value |
| 1 |
CVS Health (U.S) |
Oak Street Health (U.S.) |
Health vertical |
$10,557 |
| 2 |
Brookfield Re (U.S) |
American Equity Investment Life (U.S.) |
Life |
3,586 |
| 3 |
Sumitomo Life (Japan) |
Singapore Life Holdings (Singapore) |
Life |
3,480 |
| 4 |
Optum (UnitedHealth Group) (U.S) |
Amedisys Inc. (U.S.) |
Health vertical |
3,364 |
| 5 |
RenaissanceRe (U.S) |
Validus Re (U.S.) |
Property/casualty |
3,300 |
| 6 |
Generali (Italy) |
Liberty Seguros SA (Spain) |
Property/casualty |
2,500 |
| 7 |
Elevance Health (U.S) |
Blue Cross Blue Shield of Louisiana (U.S) |
Health |
2,500 |
| 8 |
Prosperity Life (U.S) |
National Western Life (U.S) |
Life |
1,900 |
| 9 |
HDI International (Germany) |
Liberty Seguros (South American business) (Spain) |
Property/casualty |
1,480 |
| 10 |
Brookfield Re (U.S) |
Argo Group (U.S) |
Property/casualty |
1,100 |
Source: ©2024 Conning, Inc., 2023 Global Mergers & Acquisitons in the Insurance Industry. Used with permission. |
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