Insurers and reinsurers used mergers and acquisitions in 2018 to shed non-core business operations and acquire complementary entities, according to a new study by investment management firm Conning.
“Insurer and reinsurer mergers and acquisitions in 2018 were driven by the need to respond to multiple pressures,” said Scott Hawkins, director of insurance research at Conning. “Competition, changes in accounting and regulatory methodologies, the need to improve technological capabilities, and the search for greater profitability all contributed to drive mergers and acquisitions. Supporting M&A in 2018 was the continued access to capital both within and external to the industry.”
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