Fitch Forecasts Few P-C Mergers In 2002

Merger and acquisition activity in the property-casualty insurance industry that slowed after 1999 is unlikely to pick up until sometime in 2003, according to a report by Fitch Ratings.

The Chicago-based firm said that contrary to the expectations of some, passage of the Gramm-Leach-Bliley Financial Services Modernization Act, allowing banks more involvement in the insurance business, had not spurred any deal-making in the sector.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.