The P&C/reinsurance M&A market - Challenges of a soft environment
August 17, 2016
The past year saw record merger and acquisition (M&A) volumes in the global property and casualty (P&C) reinsurance markets reflecting a drive for geographical/product reach, scale, innovation and cost/capital efficiencies.
Beyond the creation of larger scale global insurers, with greater diversification has come a focus on use of technology and big data. This is changing the playing field for insurers which seek to innovate in order to stay ahead in what remains a challenging rating environment. Whilst willing capital (e.g. foreign investment, private equity and alternative capital) continues, the focus for Boards remains driving their companies’ organic and inorganic strategies.
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