Merger Fever Strikes Life Insurance Associations

The presidents of LIMRA International and LOMA–two international associations that provide their insurance and financial services company members with research, marketing, distribution, and operational services–issued a joint announcement Nov. 28 disclosing that the two groups are in talks that “could lead to a merger” of the two organizations.

The announcement, made by Thomas Donaldson of LOMA and Robert Kerzner of LIMRA International, noted the strong “synergies and economies of scale” that such a merger would provide, in Donaldson’s words, though Kerzner pointed out that pre-merger talks could last a year or longer.