Insurance was one of the most resilient sectors for M&A during 2020. Deal volume remained steady compared to 2019. Deal value increased in 2020 on the back of a significant number of multi-billion dollar deals, particularly in the second half of the year.
Despite the wider challenges presented by the COVID-19 pandemic, many of the long-term drivers for M&A in the sector remained – persistent low interest rates, private equity’s appetite for more assets under management, continuing consolidation among brokers, and the need to access new digital platforms and distribution channels.
Hogan Lovells activities
Our Insurance industry sector hosted a number of client events, including webinars focused on such topics as COVID-19, Brexit, M&A, legislative changes, insurance distribution, sanctions, reinsurance and derivatives, tools for restructuring insurance businesses, and insurance business transfers.
We continued to publish thought leadership on developments and future opportunities in the insurance sector, including the 2020 edition of our Hogan Lovells lnsurance Horizons publication, which covers hot topics, key global and regional trends, and regulatory developments around the world.