Updated 11:30 a.m. ET
Global insurance mergers and acquisitions activity slowed across all sectors in 2016, according to a new study by Hartford, Connecticut-based Conning.
The year 2016 lacked the significant merger and consolidation activity experienced over the previous few years, particularly in the reinsurance sector. Instead many companies were focused on transaction digestion, expense management, and capital management.
|Well below 2015 activity
"We identified 165 insurer transactions globally in 2016 with aggregate announced value of $33 billion — well below 2015 activity levels," said Alan Dobbins, a Director, Insurance Research at Conning. "The year was marked by this retreat in activity, with many companies looking inward. While the property-casualty sector continued to have strong activity by its more offensive-minded competitors, the life sector pulled back significantly."
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
