Asia - M&A for foreign diversification
Saturday, 08 05 2017, Category: Insurance and Reinsurance, Country: Asia
Soft market conditions provide the backdrop for reinsurance industry Merger & Acquisitions (M&As) throughout Asia, although the highly varied local industry dynamics and levels of market maturity create a mixed bag of motives, with some reinsurers driven to acquire by foreign diversification needs while others merge to grow their own local capacity, Fitch Ratings said.
“Steady economic expansion and insurance market growth will remain the fundamental reinsurance driver in Asia-Pacific. Knowledge transfer and human capital build-up will sustain the sector’s development momentum and spur reinsurance premium growth as globally established reinsurers continue to scale-up in the region.