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NU Online News Service, March 15, 11:01 a.m. EST

M&A Activity in 2010Merger and acquisition activity for property and casualty insurers, agents, and brokers heated up in 2010 as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.

The Conning report, “Global Insurance Mergers & Acquisitions in 2010, Moving From Defense to Offense,” said global insurance M&A activity picked up steam in 2010 as improved valuations and the continued soft market, now in its seventh year, increased the activity in the United States.

“M&A was a direct response to the challenge of growth in a soft market,” the report said.

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