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2012/02/09

Insurance Technology - M&A Levels Will Likely Jump in Insurance Sector in Coming Years for Property and Casualty, Life Insurance: Survey - TMCnet's Insurance Technology eNews

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February 08, 2012

Insurance Technology - M&A Levels Will Likely Jump in Insurance Sector in Coming Years for Property and Casualty, Life Insurance: Survey


Mergers and acquisitions will likely jump in the insurance sector over the next several years in the property and casualty and in life insurance areas says a new study.


The move toward more mergers and acquisitions comes despite the sluggish economic recovery and other forces, according to a report from Towers Watson.


“Despite several global catastrophes over the past 12 months and continued economic volatility, companies will turn their collective attention from internal concerns and increase their focus on M&A,” Jack Gibson, Towers Watson’s managing director, global Mergers and Acquisitions, said in a statement carried by MSN.com. “There is also a pent-up demand from private equity and other financial entities that is ready to be deployed. Regulatory changes around the world, and the continued uncertainty of the implementation of these changes, have caused a short-term decline in M&A activity, but will ultimately prove to be a significant catalyst for increased activity over the medium to longer term... Read More



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