Life insurance industry chief financial officers say their companies are looking for deals.
Consultants in the Stamford, Conn., office of Towers Perrin Forster & Crosby Inc. have reported that finding in a summary of results from a recent Web-based survey of 24 life company CFOs.
Capital constraints have all but shut down mergers and acquisitions over the past 12 months, and only 8% of the Towers Perrin survey participants said their companies had acquired or started acquiring a block of business.
Only 30% said they had acquired or started to acquire another insurer.