The value of global mergers and acquisitions in the insurance industry has fallen by 56% in the third quarter.
According to figures released today by online financial analyst Zephyr, 56 deals were completed during the period at a total value of £5.8bn, less than half the £13.3bn worth of deals in the previous quarter.
Despite the plunge in value the year-to-date figures show a 140% rise from 2003. Deal values in the first nine months of 2004 reached £21bn compared to
only £9bn in the same period last year.
