Cultural Clashes Cause Many M&A Failures
Thursday, 04 21 2016, Category: Insurance and Reinsurance, Country: World
Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers Watson M&A Risk Consulting in conjunction with Mergermarket.
While nearly half (42 percent) of insurance companies surveyed recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal, only 12 percent use employee engagement as an indicator of integration success.
Source: Insurance Journal