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January 02, 2002 at 07:00 PM
NU Online News Service, Jan. 2, 1:59 p.m. – SNL Securities L.C., Charlottesville, Va., says financial services companies announced 43 life and health insurance mergers and acquisitions in 2001 with a total deal value of $59 billion, compared with a total of 47 deals and $12 billion in deal value for 2000.
But the 2001 statistics included the aborted effort by Prudential P.L.C., London, to acquire American General Corp., Houston, for $24.6 billion, The British Prudential, which is unrelated to Prudential Financial Corp., Newark, N.J., eventually lost out to American International Group Inc., New York.
Even if the Prudential/American General deal is excluded, 2001 life and health M&A deal value amounts to $34 billion, SNL says.
