Reinsurers turn sexy as suitors see disaster-scarred targets

The $500 billion reinsurance industry is experiencing a flurry of deal talks.

By Katherine Chiglinsky, Sonali Basak | February 09, 2018 at 08:18 AM

(Bloomberg) – The $500 billion reinsurance industry is experiencing a flurry of deal talks.

One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it harder to raise rates.

"When things are not for sale, nobody can buy," said John Marra, a partner in PwC's transaction-services practice. "You have a lot of willing sellers right now. They see complex deals getting done, they see big checks getting written."

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