Lloyd’s players attractive to Bermudian reinsurance deal seekers
Friday, 05 08 2015, Category: Insurance and Reinsurance, Country: World
As the softened market environment continues to fuel merger & acquisition (M&A) activity in the global insurance and reinsurance sector, RBC Capital Markets (RBC) explores the appealing benefits a Lloyd’s participant offers potential suitors.
In a new equity research report, titled “Lloyd’s Insurers, Premium attraction – we expect M&A activity to continue,” premier investment bank RBC argues that Lloyd’s of London re/insurers will continue to be subject to bids, most notably firms that are trading at a discount to the sector.
“We expect that the Lloyd’s insurers will continue to be attractive bid targets for Bermuda based and other insurers looking for growth,” states the report.