European insurers will be ramping up merger and acquisition activity driven by regulatory action, a search for growth and group restructuring to meet EU competition rules, a rating firm predicted.
Conditions are right for increased merger and acquisition activity by insurers, but firms should remember 2008 and 2009 lessons concerning awareness of subsidiary activities and emphasis on risk management, a Deloitte LLP report said.
Insurers' claims and litigation costs stemming from Chinese drywall problems are expected to be significant, property damage up to the $10 billion range by one estimate, a rating firm said.
National Underwriter is accepting entries and nominations for its fourth annual "Awards For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.
Although making acquisitions is a prudent strategy for forward-thinking surplus lines insurance executives seeking to build their organizations, potential sellers are unlikely to agree to lower the deal prices offered, experts recently warned.