| Top 10 Global Insurance-Related Mergers And Acquisitions Announced, 2019 |
($ millions)
|
| Rank |
Buyer (country) |
Target (country) |
Sector |
Transaction value |
| 1 |
Centene Corp. (U.S.) |
WellCare Health Plans Inc. (U.S.) |
Health |
$17,300 |
| 2 |
New York Life Insurance Co. (U.S.) |
Cigna Corp. (group life and disability) (U.S.) |
Life |
6,300 |
| 3 |
Phoenix Group Holdings, plc (U.K.) |
ReAssure Group plc (U.K.) |
Life |
4,211 |
| 4 |
Tokio Marine Holdings, plc (Japan) |
PURE Group (U.S.) |
Property/casualty |
3,100 |
| 5 |
Prudential Financial (U.S.) |
Assurance IQ (U.S.) |
Services |
2,350 |
| 6 |
Brookfield Business Partners (Bermuda) |
Genworth MI (Canada) |
Property/casualty |
1,800 |
| 7 |
The Carlyle Group (U.S.) and T&D Holdings (Japan) |
Fortitude Group Holdings (U.S.) |
Property/casualty |
1,800 |
| 8 |
Willis Towers Watson (Ireland) |
TRANZACT (U.S.) |
Distribution |
1,300 |
| 9 |
Hapvida Sistema de Saude (Brazil) |
Grupo Sao Francisco (Brazil) |
Health |
1,260 |
| 10 |
Resolution Life Holdings, Inc. (U.S.) |
Voya Financial, Inc. (in-force individual life) (U.S.) |
Life |
1,250 |
Source: ©2020 Conning, Inc., 2020: Global Property Casualty Insurance M&A in 2019 - Distribution Dominates; Global Life & Health Insurance M&A in 2019: The Quest for Growth Continues. Used with permission. |
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