Globally the financial services sector saw deals in Q3 worth $50.41 billion. This is a 12.8% drop in the previous quarter. Further this value is a 43% drop from the last four-quarter average of $88.68. North America had the majority of value with deals being worth $26.92.
Precedent Transaction: Financial Services, Q3 2020Download
Allstate Purchased National General Holdings
On July 7 The Allstate Corporation (NYSE: ALL) agreed to purchase rival insurance company National General Holdings Corp. (NASDAQ: NGHC). National General Holdings' main business is auto insurance. With this move Allstate has expanded its market presence by over a percentage point. Furthermore the deal propelled Allstate into the list of top 5 personal lines carrier in the independent agent distribution channe...