| Top 11 Global Insurance-Related Mergers And Acquisitions Announced, 2020 (1) |
($ millions)
|
| Rank |
Buyer (country) |
Target (country) |
Sector |
Transaction value |
| 1 |
Aon (UK) |
Willis Towers Watson (UK) |
Distribution |
$30,000 (2) |
| 2 |
Intact Financial Corp. (Canada) |
RSA Insurance Group plc (U.K.) |
Property/casualty |
9,545 |
| 3 |
Roper Technologies, Inc. (U.S.) |
Vertafore (U.S.) |
Services |
5,350 |
| 4 |
KKR and Co. LLP (U.S.) |
Global Atlantic Financial Group Ltd. (Bermuda) |
Life/annuity |
4,700 |
| 5 |
Farmers Group Inc. (Switzerland) |
Metropolitan Property and Casualty Ins. Co. (U.S.) |
Property/casualty |
3,940 |
| 6 |
Allstate Corp. (U.S.) |
National General Holdings Corp. (U.S.) |
Property/casualty |
3,727 |
| 7 |
MassMutual (U.S.) |
Great American Life Insurance Company (U.S.) |
Life/annuity |
3,500 |
| 8 |
Blackstone (U.S.) |
Allstate Life Insurance Company (U.S.) |
Life/annuity |
2,800 |
| 9 |
Fidelity National Financial Inc. (U.S.) |
FGL Holdings (Cayman Islands) |
Life/annuity |
2,700 |
| 10 |
Empowerment Retirement (U.S.) |
Massachusetts Mutual (retirement plan business) (U.S.) |
Life/annuity |
2,350 |
| 11 |
Sixth Street (U.S.) (3) |
Talcott Resolution (U.S.) |
Life/annuity |
2,000 |
(1) As of January 31, 2021.
(2) Deal terminated July 26, 2021.
(3) Announced January 2021.
Source: 漏2021 Conning, Inc., 2021: Global Property Casualty Insurance M&A in 2020 -The Show Must Go On; Global Life & Health Insurance M&A in 2020: Rebounding from COVID-19. Used with permission. |
|