Despite speculation, an influx of mergers and acquisitions is unlikely at Lloyd's of London, according to an analyst at Keefe, Bruyette & Woods (KBW).

But the new chief executive of global placement for global insurance broker Willis Group Holdings, said the “bite-size chunks” offered by Lloyd's may look appetizing to those seeking to grow and use some excess capital.

“Because organic growth is hard to come by, companies are looking for growth through acquisitions and Lloyd's has always been a good place to do that,” said Alastair Swift, formerly chief placement officer for Willis North America. The “bite-size” pieces “make it easy for the buyer to make a splash,” he added.

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