Global Mergers & Acquisitions in the Insurance Industry: 2022 Insurer Edition
M&A activity is a useful leading indicator of broader industry trends. It is, therefore, instructive for strategic planners at insurers, brokers, and for investors to follow developing M&A activity, dynamics, and themes for insights into market segments.
Table of Contents:
- 2022 a Weak Year for M&A, 2023 Not Looking Better
- M&A Trends in 2022—Other Items of Interest
- All Industries
- Total Insurance Industry Dashboard
- Significant Changes to Transactions from Earlier Years
- Other Key M&A Transactions
- Other Key M&A Events
Health Insurance/Managed Care
- Year in Review
- Vertical Integration
- Methodology and Criteria for Inclusion in Mergers & Acquisitions Database
- Series of Recurring Mergers & Acquisitions Studies
- Historical Summary Data
- 2022 Mergers & Acquisitions by Sector
This Strategic Study, Conning’s 33rd annual in-depth analysis of global insurance M&A (mergers and acquisitions), reviews insurance industry M&A transactions announced in 2022. The analysis covers acquisitions of property-casualty insurers, life-annuity insurers, and health insurers. Acquisitions of insurance agents and brokers and insurance service providers are covered in a separate volume.
Transactions covered include acquisitions of operating companies as well as significant transactions where there is change of control or significant market impact. In the case of life insurance companies, a change in control of some blocks of business is done through reinsurance rather than the acquisition of an operating company. Reinsurance transactions are not captured in our database or included in transaction counts. However, significant reinsurance transactions are discussed in the life-annuity chapter.
M&A values can differ significantly between periods because not all transactions report the value. As a result, the number of transactions may provide a clearer indication of activity than does value.
Our analysis is based on Conning’s global database of publicly announced transactions, supplemented by direct communication with acquirers whose acquisitions are not publicly announced.