$48bn ins. M&A deals in H1
Friday, 08 24 2018, Category: Insurance and Reinsurance, Country: World
Global re/insurers have turned to mergers and acquisitions (M&A) deals to remain relevant in the face of challenging market conditions, with total transaction volume reaching $48 billion during the first half of 2018, according to S&P Global Ratings, although the firm maintains a neutral view on this trend.
A recent report by the rating agency observed heightened competition, limited growth opportunities, and continued pressure on pricing in the global reinsurance sector over 1H18, with many companies resorting to M&A to build scale, acquire expertise, and diversify.