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NU Online News Service, Dec. 15, 3:39 p.m. EST

Investment bank Keefe, Bruyette & Woods (KBW) said mergers and acquisitions accelerated during the 2010 second half, indicating that larger companies with abundant capital are looking for “opportunistic growth.”

In its outlook for 2011, KBW said it expects more deals next year and highlighted American Safety Insurance, Eastern Insurance Holdings, Navigators Group Inc. and SeaBright Insurance as candidates to be targeted.

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