Insurance mergers and acquisitions: The main transactions in 2019

The top 5 mergers and acquisitions of 2019 account for 18.6 billion USD in investment.

Insurance: Top 5 mergers and acquisitions

AcquirerNationalityTarget companyNationalityTransaction amountCeded activities and capital
New York LifeUnited StatesCignaUnited Stats6.3 billion USD
- Purchase of 100% of Cigna's group life and disability activities

- Capital paid-up in cash
Phoenix GroupUnited KingdomReAssure Group
(subsidiart of
Swiss Re)
United Kingdom4.27 billion USD
- 1.2 billion USD paid-up in cash

- 3.07 billion USD in shares
Tokio MarineJapanPrivilege UnderwritersUnited States3,1 milliards USD
- Purchase of 100% of companies operating under the Pure Group brandCapital

- Paid-up  in cash
FWD GroupChinaSiam Commercial BankThailand3 billion USD
- 100% of the SCB's life insurance portfolio Capital

- Paid-up in cash
Brookfield Business PartnersCanadaGenworth Canada
(subsidiary of Genworth Financial)
Canada1.93 billion USD
- 57% of Genworth Canada, a mortgage insurance entity.

- 700 million USD paid-up in cash, the rest is funded by Brookfield's institutional partners
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