Insurance sector deal values decline in 2019 first quarter

Disclosed deal value for the insurance sector fell during the first quarter of 2019 to $53.5 million from $29.5 billion during the same period in 2018, according to a report released Thursday by PwC.

Deal volume, however, jumped 35% during the first quarter compared to last year, to 165 announced deals across the sector, with PwC, also known as PricewaterhouseCoopers, saying the relatively low dollar amount “understates the vibrancy of the market” and that the deal volume is a forward indicator.

“The surge affirms our expectation that the insurance deals market will probably strengthen in the second quarter,” the report said.

PwC also noted that the year-ago period “saw a surge in the number of transformative transactions among property and casualty firms.”….Read More