The increasing strain of regulatory pressure across Europe’s ”fragmented markets” is forcing smaller firms to merge to remain sustainable, says market intelligence provider
European M&A activity is following a trend defined by insurers “broadening their footsteps” and diversifying their operations beyond traditional lines of business and into emerging sectors, continents and specialty areas.
This is according to Volker Kudszus, managing director and sector lead at Insurance Ratings and S&P Global Ratings, who said that “there are many of the large [insurers] still eyeing if there’s something [they] can do on the non-life side, [which is] more favourable than life currently”.
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