U.S. companies kept their mergers and acquisition activities at home during 2007, while Western European companies played an increased role on the global M&A stage, according to a new report from Conning Research.
"The U.S. was mostly on the sidelines in 2007," the company noted in the report, titled "Global Insurance Mergers & Acquisitions: U.S. Insurers on the Sidelines."
According to Conning, "U.S. companies will continue to stay focused closer to home, and we expect more domestic consolidation in the U.S. as companies seek market share and critical mass to achieve operating efficiencies."
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