Podcast Center
Video Center
Webcasts
Resource Center
Events
April 19, 2002 at 08:00 PM
NU Online News Service, April 19, 11:28 a.m. – Last year was a slow year for insurance-related mergers and acquisitions, but it was a pretty good year for distribution M&A deals and for insurance-related initial public offerings, according to a new study by Conning & Company, Hartford.
The investment banking firm found that the number of insurance-related M&A deals increased to 300 in 2001, from 295 in 2000, but the value fell to $41.5 billion, from $56 billion.
Eight of the 10 biggest deals were life deals, and two were health insurance or managed care deals. None was a property-casualty deal.
Although the deals with the biggest dollar value tended to involve insurers and managed care companies, acquisitions of insurance distributors accounted for the largest number of announced deals. Many of the transactions involved distributors trying to grow by buying other distributors, Conning says.
