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FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 18, 2014 03:51 PM (EDT)
Global mergers and acquisitions (M&A) across the insurance industry continued at a steady pace in the first half of 2014, as companies pursued deals that would broaden their footprint or take advantage of new and developing markets, according to the centerpiece report in the latest edition of Best's Journal, a biweekly publication that presents A.M. Best's original research, analysis and commentary on the global insurance industry. Based on A.M. Best research, 35 property/casualty and reinsurance M&A deals were announced globally during the first six months of 2014. The available disclosed amount for these deals was approximately USD 5.6 billion, or slightly more than half of about USD 10 billion announced for all of 2013. On the life/health side, 14 deals were announced globally during the same period with a total disclosed value of approximately USD 10.6 billion. This amount is a little more than half of the approximately USD 18 billion in activity for all of 2013.
Other highlights in this issue of Best's Journal include as follows:
Best's Journal is available exclusively as part of a subscription to the Best's Insurance News & Analysis service, and is delivered every two weeks as a bound, printed publication and in digital format via the Best's Insurance News & Analysis website. Each issue is an installment in a cumulative business resource that provides insight from A.M. Best's perspective as a credit rating agency, data provider and news publisher with a unique focus on the insurance industry.
To learn more about Best's Journal, watch a brief video at www.ambest.com/sales/aboutbestsjournal.html. More information about the Best's Insurance News & Analysis subscription service is available at www.ambest.com/sales/bina/default.asp. To order, contact Customer Service at (908) 439-2200, ext. 5742 or at (800) 424-2378 when calling from the U.S. and Canada.
A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.