| Rank |
Buyer (country) |
Target (country) |
Sector |
Transaction value |
| 1 |
MetLife, Inc. (U.S.) |
American Life Insurance Co. (U.S.) |
Life/annuity |
$16,200 |
| 2 |
AMP Ltd. (Australia) |
AXA Asia Pacific Holdings Ltd. (Australia) |
Life/annuity |
12,830 |
| 3 |
Aon Corp. (U.S.) |
Hewitt Associates, Inc. (U.S.) |
Services |
4,900 |
| 4 |
Prudential Financial, Inc. (U.S.) |
AIG Star Life Insurance Co. Ltd. and AIG
Edison Life Insurance Co. (Japan) |
Life/annuity |
4,800 |
| 5 |
Resolution plc (U.K.) |
U.K. life operation of AXA SA (U.K.) |
Life/annuity |
4,130 |
| 6 |
BC Partners and Silver Lake Partner (U.S.) |
MultiPlan, Inc. (U.S.) |
Services |
3,100 |
| 7 |
Max Capital Group Ltd. (Bermuda) |
Harbor Point Ltd. (Bermuda) |
Property/casualty |
1,521 |
| 8 |
Fairfax Financial Holdings Ltd. (Canada) |
Zenith National Insurance Corp. (U.S.) |
Property/casualty |
1,439 |
| 9 |
Apollo Management VII L.P. and funds advised
by CVC Capital Partners Ltd. (Luxembourg) |
Brit Insurance Holdings N.V. (U.K.) |
Property/casualty |
1,400 |
| 10 |
TPG Capital (U.S.) |
Vertafore, Inc. (U.S.) |
Services |
1,400 |
Source: Conning Research & Consulting, Inc. analysis. |