Global Insurer Mergers & Acquisitions: Activity Slows, but Pressures Remain
Conning—$33 Billion in 2016 Global Insurance Mergers and Acquisitions Marks Retreat from Prior Year Levels
(Hartford, CT) May 15, 2017—Global insurance mergers and acquisitions activity slowed across all sectors in 2016, according to a new study by Conning.
“We identified 165 insurer transactions globally in 2016 with aggregate announced value of $33 billion—well below 2015 activity levels,” said Alan Dobbins, a Director, Insurance Research at Conning. “The year was marked by this retreat in activity, with many companies looking inward. While the property-casualty sector continued to have strong activity by its more offensive-minded competitors, the life sector pulled back significantly.”
The Conning study, “Global Insurer Mergers & Acquisitions: Activity Slows, but Pressures Remain” tracks and analyzes both U.S. and non-U.S. insurer M&A activity across property-casualty, life-annuity and health insurance sectors. Specific transactions are detailed, and trends are analyzed across all sectors.
“Mergers and acquisitions activity in 2016 was marked by a select number of property-casualty insurers playing offense and defense, as the life industry dropped to just a quarter of its 2015 activity,” said Steve Webersen, Head of Insurance Research at Conning. “Some of the key themes we analyzed in 2016 property-casualty acquisition activity included continued Japanese pursuit of established and global underwriting platforms, serial acquirers continuing their build-outs, run-off acquisitions, and the continued focus on property-casualty specialty assets.”
“Global Insurer Mergers & Acquisitions: Activity Slows, but Pressures Remain” is available for purchase from Conning by calling (888) 707-1177 or by visiting www.conningresearch.com.
Conning (www.conning.com) is a leading global investment management firm with almost $113 billion in global assets under management as of March 31, 2017.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award-winning risk modeling software, and industry research. Founded in 1912, Conning has offices in Boston, Cologne, Hartford, Hong Kong, London, New York, and Tokyo.
*As of March 31, 2017, represents the combined global assets under management for the affiliated firms under Conning Holdings Limited, and Cathay Securities Investment Trust Co., Ltd. ("SITE"). SITE reports internally into Conning Asia Pacific Limited, but is a separate legal entity under Cathay Financial Holding Co., Ltd. which is the ultimate controlling parent of all Conning entities.