Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q3 2022 – Thematic Intelligence

Pages: 24 Published: October 26, 2022 Report Code: GDINS008MAQD

The global insurance M&A market saw three M&A deals in Q3 2022 with a deal size greater than $1 billion, compared to six such deals in the previous quarter. The insurance sector M&A deals report provides a detailed analysis of M&A deals based on deal volume and value. This report analyzes the themes that have driven M&A activity in Q3 2022 in the insurance sector. The report also offers a comparison on the insurance sector deal activity by volume and value on segments such as cross-border vs domestic and public vs private.

Insurance M&A Activity: Top Themes

The top themes that drove key M&A deals in the insurance sector in Q3 2022 were channel strategy and financial wellness.

Channel Strategy: Safehold is merging with its largest shareholder, iStar, for a tax-free, strategic combination that will make the combined entity the only publicly traded, self-managed pure-play ground lease company.​

Financial Wellness: Verso Wealth Management has acquired Glasgow-based Campbell Thomson Insurance Services. This acquisition advances Verso’s strategy to build a market-leading, national wealth management group. ​

For more insights on the top themes of M&A deals in the insurance sector in Q3 2022 , download a free report sample 

M&A Deal Activity in Insurance by Sub-Sectors

The key sub-sectors covered in the insurance industry are non-life insurance, life insurance, distribution channel, accident & healthcare, reinsurance, risk management and services. The non-life insurance sub-sector saw the highest transaction value of among all sub-sectors during Q1-Q3 2022.

Insurance Industry M&A Deals Activity Analysis, by Sub-Sectors

Insurance Industry M&A Deals Activity Analysis, by Sub-Sectors

For more insights on the sub-sectors of M&A deals in the insurance sector in Q3 2022 , download a free report sample 

M&A Deal Activity in Insurance by Regions

The key regions that drove M&A deal activity in the insurance industry in Q3 2022 were North America, Europe, China, South & Central America, the Middle East & Africa, and the Asia-Pacific, excluding China. All regions reported a decrease in deal value in Q3 2022, compared to the previous quarter.

Insurance Industry M&A Deals Activity Analysis, by Regions

Insurance Industry M&A Deals Activity Analysis, by Regions

For more regional insights on M&A deals in the insurance sector in Q3 2022 , download a free report sample

Top Insurance Sector M&A Deals

Some of the top M&A deals in the insurance industry in Q3 2022 were as follows:

  • Lakeland Bancorp merges with Provident Financial Services
  • Safehold merges with iStar
  • Government of New Zealand acquires Kiwi Group

Market Report Overview

Top Themes Channel Strategy and Financial Wellness
Regional Segment North America, Europe, China, South & Central America, Middle East & Africa and the Asia-Pacific, excluding China
Key Segments Public & Private, Domestic & Cross-border
Key Sub-Sectors Non-Life Insurance, Life Insurance, Distribution Channel, Accident & Healthcare, Reinsurance, Services and Risk Management

Scope

  • This report provides an overview of merger and acquisition activity globally in Q3 2022 in the insurance sector
  • It identifies the themes driving most notable to deals announced in Q3 2022 in the insurance sector

Key Highlights

The global Insurance sector recorded 271 M&A deals worth $12 billion. Deal value dropped exponentially from Q2 2022 to Q3 2022 by 85%, deal volume also decreased by 6% in the same period.

Reasons to Buy

  • Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&A).
  • In this report we have listed down the most notable deals in insurance sector to make it easy for our clients to get a view of themes disrupting the sector and prepare for the future.

Key Players

Lakeland Bancorp
SBI
Sagicor Financial
Government of New Zealand
Verso Wealth Management
Steadfast Group
Spruce Lake Liability
The Dai-ichi Life Insurance
Safehold
Mitsui Sumitomo Insurance
Tokio Marine & Nichido Fire Insurance
Phoenix Group
Advent International
The Carlyle Group
Grupo Catalana Occidente
Kingdom Holdings
CNP Assurances
Athora Deutschland
Apax Partners
Banco BPM
Provident Financial Services
ARUHI
ivari
Kiwi Group
Campbell Thomson
Insurance Brands Australia
Redco
Partners Life
iStar
Transverse Insurance Group
Tokio Marine Newa Insurance
SunLife
Yes Bank
Group Memora
Phoenix Group
UniCredit
M&G
AXA Germany
Opteven Assurances
Bipiemme

Table of Contents

Executive Summary

Review of global insurance M&A deals in Q3 2022

Themes driving global insurance M&A deals in Q3 2022

Appendix 1: Deal selection criteria

Appendix 2: Our thematic research methodology

Frequently Asked Questions

The top two themes that drove insurance M&A activity in Q3 2022 were channel strategy and financial wellness.

The key regions that drove M&A deal activity in the insurance industry in Q3 2022 were North America, Europe, China, South & Central America, the Middle East & Africa, and APAC Ex-China.

The key sub-sectors in the insurance industry are non-life insurance, life insurance, distribution channel, accident & healthcare, reinsurance, risk management and services.

The non-life insurance sub-sector saw the highest transaction value of among all sub-sectors during Q1-Q3 2022.

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