Insurance sector quadruples M&A activity
Monday, 03 21 2016, Category: Insurance and Reinsurance, Country: World
The volume of merger and acquisition (M&A) activity in the insurance industry has more than quadrupled from 2014 to 2015—from $43.8 billion to $194.9 billion, according to a study from investment management firm Conning & Co.
And it’s by no means over. Researchers expect additional activity is to be expected, especially in the property and casualty sector.
“Key themes in the year included the desirability of specialty and Lloyd's targets, large acquisitions by Japanese and Chinese buyers, reinsurance consolidation, and combinations in sectors facing strong external challenges, such as crop insurance and medical professional liability,” the study stated in summary of its findings.
Source: Insurance Business America