The current volatility in the financial markets and the general economic climate today are keeping a lid on M&A activity in the property and casualty insurance industry, the broker says.
Guy Carpenter says there were 22 announced and closed transactions for the 2011 first half, at a deal value of close to $3.4 billion. The pace is on track to match 2009 and 2010.
The broker says there were 15 other transactions announced early this year that have not been closed. If those deals are closed it would add an additional $1.8 billion to the 2011 total.
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