Market conditions encourage M&A interest
Saturday, 02 17 2018, Category: Insurance and Reinsurance, Country: World
Fitch Ratings is anticipating continued interest in merger and acquisition (M&A) activity among insurers and reinsurers in 2018, driven by ongoing competition, the impacts of the U.S. tax reform, and the effects of catastrophe losses in 2017.
Fitch said that AIG’s announced $5.6 billion takeover of Validus could foreshadow further M&A activity in the global re/insurance sector in 2018, especially in the Bermuda marketplace. Furthermore, industry reports that Allianz could be looking to acquire XL Group, and Swiss Re’s confirmation of discussions regarding a deal with SoftBank, highlights the potential for more M&A in the months ahead.