Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average.
According to GlobalData’s deals database, a total of 46 deals worth $3.27 billion were announced in February 2020, compared to the 12-month average of 50 deals.
Mergers and acquisitions was the leading category in the month in terms of volume with 34 deals accounting for 73.9% of all deals.
In second place was venture financing with 12 deals, accounting for 26.1% of overall deal activity in the country’s insurance industry during the month.
