Analysis of the key themes driving private equity deal activity reveals that insurtech accounted for 2 financial services deals announced in Q4 2023, worth a total value of $200m. The $200m investment by Bain Capital Insurance in GuideOne Insurance was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, insurtech-related deal activity increased by 9900% in Q4 2023 compared with the previous quarter’s total of $2m. Related deal volume increased by 100% in Q4 2023 versus the previous quarter.

The top-ranked financial advisors supporting these private equity deals in Q4 2023 were Howden Tiger Capital Markets & Advisory; KPMG Corporate Finance; Morgan Stanley with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q4 2023 were Kirkland & Ellis; Debevoise & Plimpton; Dentons & Co with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.