Japanese and Chinese insurers as players in M&A
Wednesday, 12 07 2016, Category: Insurance and Reinsurance, Country: Asia
Asia has long been a popular destination for foreign insurers as most of the region has had strong potential for growth. However, in the last few years, the region has also been producing outbound deals, as insurers from Japan and China have been making acquisitions in more developed markets, such as the US and Europe.
According to Willis Towers Watson, deals with an Asian acquirer in 2015 were worth a total of US$48.1 billion, five times higher than the previous year’s level. Japanese insurers made up a third of the figure, with three megadeals in the US worth a combined US$16.2 billion.
Source: Insurance Business