Future property-casualty merger and acquisition activity will be defined largely by the overall premium rate environment, with the softening market prompting more carriers to seek growth via takeovers, experts here predict.

After the late-1990s, M&A activity fell off as the commercial insurance market hardened, noted Michael Fallon, vice president and director of corporate finance for Liberty Mutual, in comments at a meeting sponsored by consultants Tillinghast-Towers Perrin and the Dewey & LeBoeuf law firm.

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