Industry M&A Values Fall: Conning
P&C mergers tracked downward, while life and health values rose.
The U.S. industry’s M&A values fell in 2009, matching a global trend that saw merger values decline even further than already-low 2008 levels, according to Conning Research & Consulting.
Values on the property-casualty side fell dramatically–by 78%–while the life and health sector values dropped below $1 billion (US).
”In the U.S., the value of insurance industry transactions was the lowest we have reported since 2002,”said Jerry Theodorou, a Conning analyst in a statement accompanying the findings. “Insurance services posted the only increase in values year over year, and represented more than half of the total transaction value for the industry.”
Outside the U.S., P&C merger values also declined, though life and health values fared better, going up by 58%.
A new Conning study, Global Insurance Mergers & Acquisitions in 2009, tracks M&A activity across all insurance sectors.
Print Directory
Order Your Copy of the General Insurance Register Today
The General Insurance Register is the only national sourceguide for all segments of the Canadian P&C industry
Search the Insurance Directory
Totten Insurance Group Category: Wholesaler, MGA, or Intermediary
Morgex Hole in One Category: Wholesaler, MGA, or Intermediary
Sovereign General Insurance Company Category: Insurer
Elliott Special Risks LP Category: Wholesaler, MGA, or Intermediary
Creechurch International Underwriters Category: Wholesaler, MGA, or Intermediary
