.jpg){kind=avatar}
.jpg){kind=avatar}
A&M Best believes that an influx of alternative capital into the market, low interest rates, and a desire for geographic expansion are helping drive M&A in the insurance industry. ACE acquisition of Chubb for $28bn and XL Groups buyout of Catlin Group are noteable examples of the consolidation trend.
{
"A.M. Best expects industry consolidation to remain at the forefront of the management agenda as companies attempt to drive cost efficiencies, diversify both geographically and by product and increase market share," the Oldwick, N.J. firm stated July 17 in a special report. "The low interest rate environment is also conducive to deal making, enabling cheaper borrowing to finance deals."
unknownx500
More posts by Sean Lippel
Recent posts from News by FinTech Collective
