Global business advisory firm FTI Consulting has released its European Insurance M&A Barometer Report for the first half of 2023.
According to the report, below are the numbers of mergers and acquisitions that were publicly disclosed in Europe in H1. It was noted that deal volumes can be understated as not all transactions are officially announced.
|
Market |
H1 2023 deals |
H1 2022 deals |
H1 2021 deals |
H1 2020 deals |
|---|---|---|---|---|
|
UK & Ireland (including Bermuda) |
112 |
105 |
111 |
59 |
|
France |
20 |
15 |
14 |
13 |
|
Benelux |
26 |
15 |
16 |
5 |
|
Italy |
12 |
19 |
12 |
8 |
|
Iberia |
30 |
21 |
6 |
5 |
|
Nordics |
28 |
16 |
13 |
13 |
|
Germany, Austria & Switzerland (including Lichtenstein) |
26 |
21 |
15 |
13 |
|
Central and Eastern Europe (including Greece and excluding Russia) |
13 |
7 |
12 |
8 |
|
Total |
267 |
219 |
199 |
124 |
Of the total for this year’s first half, 229 (86%) were investments in brokers and service providers; the remaining 38 were deals involving carriers. Broken down, the insurer acquisitions consisted of 20 non-life deals, 16 life, and two composite.
In the UK & Ireland, only 11 were insurer-related deals; 101 were for brokers and service providers.
The report said: “The UK and Ireland (including Bermuda) continue to lead the European market for insurance industry M&A. There were 112 announced transactions in H1 2023, compared to 105 in H1 2022. Most of these were broker consolidation deals. It is thought, however, that deal activity in the region may have peaked due to the scarcity of broker targets.”
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