Filed Under:Markets, Regulation/Legislation

IQ: Survey: P&C CFOs Move to Merge

Property-casualty mergers are expected to drastically increase in the coming years, according to a recent survey of North American P&C insurance CFOs by Towers Watson.

More than half of CFOs polled said they were interested in purchasing a block of business in 2013 and 55 percent said they were interested in acquiring a company. Only 15 percent shared plans to divest or merge.

Companies hoping for inorganic growth cited a variety of motives. Nearly half are seeking expansion into attractive geographies and markets, 42 percent are working toward economies of scale or scope and 32 percent want to increase market presence.

Next year, about 45 percent of CFOs surveyed planned to expand their presence in the U.S., 15 percent in Asia, 10 percent in Canada, 10 percent in Latin America and 5 percent in Africa.

Conclusions of the survey warn companies interested in inorganic growth to be ready for strong acquisition demand and short supply in the immediate future.

Top Story

Here is your 6-step hurricane season checklist for 2015

The Atlantic Hurricane season runs from June 1st through November 30th. Are you ready? Are your clients?

Top Story

5 things you should know about flood insurance

Making the wrong assumptions about flood insurance can be costly.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.