Firm Tallies U.S. Insurer Deal Value

February 03, 2020 at 06:03 AM
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Circles eating other circles. (Credit: Allison Bell/ALM)

Companies announced 43 U.S. mergers, acquisitions and big capitalization deals in December, and those deals had a total deal of about $9 billion, according to GlobalData PLC.

The deals had an average value of about $21 million.

GlobalData has not provided comparable data for 2018.

The London-based firm says the United States averaged 52 insurance deals per month in the first 11 months of 2019.

GlobalData includes venture capital and private equity deals in the deal total, as well as traditional mergers and acquisitions.

The biggest deal GlobalData included in the December data was New York Life Insurance Company's move to acquire Cigna Corp.'s life and disability operations for $6.3 billion.

The second biggest deal was Resolution Life Holdings' $1.25 billion acquisition of Voya Financial's individual life business.

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