Strong insurance mergers & acquisitions in 2017
Saturday, 03 18 2017, Category: Insurance and Reinsurance, Country: World
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG.
The firm predicts that 2017 will be a strong year for deal making in the insurance industry with nearly 84 percent of insurers globally planning to make between one and three acquisitions this year, a report by KPMG shows.
In addition, 94 percent of insurers plan at least one divestiture in 2017 and the UK is expected to have the most assets up for sale as Solvency II forces companies to grow or go.
Source: Intelligent Insurer