M&A Activity Picks Up Steam In P-C Sector
Merger and acquisition activity in the overall insurance industry last year continued to decline, but the number of deals struck in the property-casualty sector picked up last year, and the dollar value soared, a study by Conning Research & Consulting has found.
The Hartford-based consulting and research firm's study titled “Mergers & Acquisitions and Public Equity Offerings, 2004 Edition” found that total transactions overall declined by almost 7 percent. However, the p-c sector bucked that trend, with the number of deals rising for the first time since 1998.
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