NU Online News Service, March 28, 3:04 p.m. EDT

Property and casualty insurance company mergers and acquisitions activity increased in 2011 by 28 percent over the previous year, according to a report released by Conning Research & Consulting.

The report, “Global Mergers & Acquisitions in 2011: A Shift to Strategic Transactions,” reviews the M&A environment for last year saying that overall U.S. M&A activity increased by 36 percent, while outside the United States, activity remained unchanged from the prior year.

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