Merger and acquisition activity for the insurance industry should increase in the next 12-18 months, particularly in the property-casualty, distribution and service sectors, a consulting firm reported.

That analysis came from Conning Research and Consulting, Hartford, Conn.

Globalization plays more of a role in merger and acquisition activity for property-casualty insurers than for life and health insurers, according to the Conning study. It impacted five of 10 p-c transactions, one of 10 life transactions, and no health transactions.

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