Magazine date:
Jan 2020 The top 5 mergers and acquisitions of 2019 account for 18.6 billion USD in investment.
Insurance: Top 5 mergers and acquisitions
| Acquirer | Nationality | Target company | Nationality | Transaction amount | Ceded activities and capital |
|---|---|---|---|---|---|
| New York Life | United States | Cigna | United Stats | 6.3 billion USD | - Purchase of 100% of Cigna's group life and disability activities - Capital paid-up in cash |
| Phoenix Group | United Kingdom | ReAssure Group (subsidiart of Swiss Re) | United Kingdom | 4.27 billion USD | - 1.2 billion USD paid-up in cash - 3.07 billion USD in shares |
| Tokio Marine | Japan | Privilege Underwriters | United States | 3,1 milliards USD | - Purchase of 100% of companies operating under the Pure Group brandCapital - Paid-up in cash |
| FWD Group | China | Siam Commercial Bank | Thailand | 3 billion USD | - 100% of the SCB's life insurance portfolio Capital - Paid-up in cash |
| Brookfield Business Partners | Canada | Genworth Canada (subsidiary of Genworth Financial) | Canada | 1.93 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 |
