Insurance M&A Deals 2023 – Top Themes – Thematic Intelligence

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This report analyzes the disruptive themes that have driven M&A activity in 2023 in the Insurance Sector

Scope

This report provides an overview of merger and acquisition activity globally in 2023 in Insurance Sector

It identifies the themes driving most notable to deals announced in 2023 in the Insurance Sector

Key Highlights

The global insurance market in 2023 witnessed deals worth $78 billion, a drop of 41% compared to 2022. In terms of deal volume, there was a drop of 15% to 1,062 M&A deals in 2023. The sector recorded 22 mega-deals (defined as any deal valued at more than $1 billion), an increase of 38% compared to 2022.

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.

Gallatin Point Capital
Sumitomo Life Insurance
Aon
KKR & Co
China Huarong Asset Management
Arthur J. Gallagher & Co
S USA Life Insurance
Ardonagh Retail
Sumitomo Life Insurance
Kohlberg Kravis Roberts & Co
Brookfield Reinsurance
Assicurazioni Generali
Fennia-Ryhma
Oma Saastopankki Oyj
S-Bank
HDI International
RenaissanceRe
Centerbridge Partners
NVX Holdings
Fairfax Financial
BroadStreet
Sumitomo Mitsui Financial Group
Brookfield Reinsurance
Issuer
Trusted Resource Underwriters Exchange
Singapore Life Holdings
NFP
Global Atlantic Financial Group
CITIC
Cadence Insurance
National Western Life
Markerstudy
Aviva
USI Insurance Services
American Equity Investment
Liberty Seguros
Svenska Handelsbanken
Liberty Mutual Insurance
AlphaCat Managers
Validus Reinsurance
GoHealth
Gulf Insurance Group
Westland Insurance
Vietnam Prosperity Joint Stock Commercial Bank
Argo Group

Table of Contents

Executive summary

Review of the insurance M&A market – 2023

Top insurance M&A deals by sector – 2023

Insurance M&A deals analysis by geography –2023

Top themes driving insurance M&A activity – 2023

Appendix 1: Deal selection criteria

Appendix 2: Top themes for 2023 in insurance

Appendix 3: Thematic research methodology

Frequently asked questions

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