Clyde & Co reveals number of insurance deals worldwide in 2019

The volume of mergers and acquisitions in the insurance space rose 10% in 2019, according to insurance law firm Clyde & Co. A study by the firm found that 419 deals were completed worldwide last year, up from 382 in 2018. Merger activity was driven by an unusually strong first half, led by a spike in deals in Europe that had previously been on hold due to Brexit preparations. M&A activity dropped during the last six months of 2019, but activity remained strong compared to recent years, according to Clyde & Co. The Americas was the most active region, with 182 deals in 2019, down slightly from 189 deals the year before. Europe posted the largest year-over-year increase with 155 deals last year, up from 122 in 2018. The Asia-Pacific region posted a 17% increase in overall deals to 69. The Middle East and Africa also saw rises, although from a low base, Clyde & Co said.