|
By Paul Wöhrmann Xavier Groffils, Zurich International Services (Luxembourg) S.A.*
Various economic, political or regulatory environments may push MA transactions. The number of existing market players gets reduced. Recent examples are the Willis-Gras Savoye and the Chubb-ACE mergers or the Genworth acquisition by AXA in the trade credit sector.
A study, published by Tower Watsons in collaboration with Mergermarket(1) over the EMEA region in 2014, shows that the number of insurance executives thinking about MA over the next three years has considerably risen. However, this con-cerns more divestments than acquisitions.
In other words, insurance executives seem to think about concentrating on the core business rather...
|