April 8, 2010
U.S. Insurance M&A Values Down In 2009
The drought in U.S. insurance mergers and acquisitions continued in 2009, falling to the lowest level in eight years, according to a Connecticut consulting firm.
U.S. insurers also posted a sharp decline in the value of mergers and acquisitions last year, according to a new study by Conning Research & Consulting.
Mergers and acquisitions fell by 78 percent in the property-casualty sector last year. Mergers and acquisitions in the nation's life annuity-sector and the health insurance sectors both dropped below $1 billion.
The Conning study tracks and analyzes both U.S. and non-U.S. insurance industry M&A activity across property-casualty, life, health and distribution and services sectors.
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