NU Online News Service, June 22, 3:23 p.m. EDT
Mergers and acquisitions activity is expected to pick up in 2009 as financial institutions look for ways to divest their non-core insurance businesses in order to fund potential capital shortfalls, a consulting firm report says.
The Deloitte analysis, "The 2009 Insurance M&A Outlook: Opportunity in an Uncertain Environment," states that "strategic buyers seeking to expand their markets and geographical reach in today's insurance M&A arena appear to be focusing on growth, distribution and scale. They may be keeping a close eye on large financial institutions seeking to divest their insurance operations."
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