Mergers and acquisitions could increase in the insurance distribution and service sectors over the next 18 months.
M&A experts at Conning Research and Consulting, Hartford, make that prediction in a new insurance M&A report.
The dollar value of life sector deals plummeted to $5 billion in 2006, from $22 billion in 2005, according to Clint Harris, a Conning vice president.
But the drop was due to the fact that Conning counts the MetLife-Travelers Life and the Lincoln National-Jefferson-Pilot deals in the total for the year in which they were announced, in 2005, rather than the total for the year in which they were completed, Harris says.
The number of life segment deals rose to 23 in 2006, from 21 in 2005.