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FOR IMMEDIATE RELEASE
OLDWICK - APRIL 26, 2017 02:51 PM (EDT)
In this A.M.BestTV episode from the RIMS conference in Philadelphia, PA, a panel of insurance executives said industry merger & acquisition (M&A) activity dipped during the most recent election cycle, but may be poised to resume. Click on http://www.ambest.com/v.asp?v=rims3417nc to view the entire program.
Driving the M&A activity are high levels of capital, the quest for growth and the desire to leverage new technology.
“There is now a heightened level of discussion about M&A activity at the board level,” said Grace Vandecruz, managing director, Grace Global Capital. “In 2005, there was a record level of M&A activity, which caused the industry to pause a bit last year; however, now that is no longer the case.”
Jack Kuhn, chief executive officer, global insurance, Sompo International, said he also expects M&A activity to continue going forward.
“Although the market cycle is soft, there is still a drive within a number of companies to have better diversification, whether it is driven by product, geography, technology or distribution. There are all sort of issues that can drive M&A activity and I don’t see it changing,” he said.
For full video coverage of the RIMS conference, including exclusive executive interviews, visit http://www.ambest.tv/rims17 .
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A.M. Best is the world’s oldest and most authoritative insurance rating and information source.