Prudential Completed the Biggest Q3 Insurance Deal: GlobalData

December 17, 2019 by Allison Bell

Companies announced 121 U.S. insurance mergers and acquisitions in the third quarter, and those deals had a total value of $4.2 billion, according to GlobalData PLC.

The deals had an average value of about $35 million.

GlobalData did not provide comparable data for the third quarter of 2018.
The London-based firm said companies averaged 116 U.S. insurance deals per quarter in 2018, with an average deal value of about $27 million.

The biggest deal in the GlobalData database was Prudential Financial Inc.’s acquisition of Assurance IQ.

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Originally Posted at ThinkAdvisor on December 12, 2019 by Allison Bell.