NU Online News Service, Sept. 21, 3:37 p.m. EST
Insurance chief financial officers say current market conditions will result in increased mergers and acquisitions, according to data from a Towers Watson survey.
"CFOs are anticipating winners and losers as a result of the soft market we've been through, and are predicting that those companies that do not emerge in a strong financial situation could be targets of an acquisition," says Bruce Fell, a managing director of risk consulting and software business for Towers Watson, in a statement. "This could change the landscape of the market as the stronger companies increase market share."
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