European insurance M&A deals running at an all-time high

Written by Adam Cadle

22/11/2022

European insurance M&A deals for 2022 continue to run at an all-time high of 292, compared to 280 in Q1-Q3 2021 and 190 during the same period in 2020, as investors pursue opportunities to deploy unspent capital despite geopolitical tensions, economic turmoil and the rising cost of debt financing, according to FTI Consulting.

The latest figures are despite insurance M&A transactions across Europe declining slightly in the third quarter of 2022 to 76, compared to 78 during the same period in 2021.

The UK and Ireland continue to lead the European insurance M&A market, accounting for 40% of the total number of deals in Q3 2022, whereas the Germany, Austria and Iberia regions saw the greatest increase in deal activity during the reporting period.

Associate partner in the global insurance services practice at FTI Consulting, André Frazão, said: “With the ongoing inflation threat, rising interest rates could present a headwind to the buyouts market, with debt financing becoming more expensive, suggesting that valuations and deal activity may decrease in the coming quarters.”

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