+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

2021: Global Life & Health Insurance M&A in 2020 Rebounding from Covid-19 in the United States

  • Report
  • 169 Pages
  • March 2021
  • Region: Global, United States
  • Conning, Inc
  • ID: 5530879
This study, the 31st annual in-depth analysis of global insurance M&A (mergers & acquisitions), reviews life-annuity and health insurance M&A transactions announced in 2020 and early 2021. The analysis covers acquisitions of insurers, distributors, and insurance service providers. This is a companion study to the review of global property and casualty M&A. Transactions covered include operating companies as well as selected reinsurance transactions involving acquisition of legacy business. The study also identifies salient drivers and themes in the M&A record.

Changes in M&A drivers and themes reflect broader trends in the industry, at management teams, and at stakeholders. M&A activity is a useful leading indicator of broader industry trends. It is, therefore, instructive for strategically minded planners at insurers, brokers, and for investors to follow developing M&A activity, dynamics, and themes for insights into market segments. The analysis is based on global database of publicly announced transactions, supplemented by direct communication with acquirers whose acquisitions are not publicly announced.

Table of Contents

1. Introduction2. Executive Summary
3. Insurance M&A Market Overview
a. Overview
b. Key M&A Drivers in 2020
c. Key M&A Themes in 2020
d. 2021 Outlook
4. Life-Annuity Insurance M&A
a. Year in Review
b. The Year Ahead
5. Health Insurance/Managed Care M&A
a. Overview
b. Key Drivers: 2020
c. Key Themes: 2020
d. Key Health and Managed Care Transactions: 2020
e. Year in Review
f. The Year Ahead
6. Insurance Distribution and Services Sectors M&A
a. Largest Life-Annuity and Health Distribution & Service Transactions
b. Distribution and Service M&A Drivers
c. Life-Annuity Distribution and Services M&A
d. Health Distribution and Services M&A

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Intact Financial
  • KKR & Co
  • Farmers Group
  • Allstate
  • Fidelity National Financial
  • Empower Retirement
  • Singapore Life Pte
  • MetLife
  • KB Financial group
  • Sampo
  • FGL Holdings
  • Metropolitan Casualty Insurance Co
  • Aviva Singapore
  • AXA