Global life insurance market consolidation will continue, although opportunities and transaction structures will vary across markets, said Fitch Ratings in a report.
“We believe deal supply is likely to be driven by insurers’ efforts to optimise balance sheets and operating structures, even as macroeconomic volatility, financing conditions, and heightened regulatory scrutiny could weigh on deal volumes and economics,” it said. “These pressures are unlikely to materially weaken consolidation activity.”
The report was released in conjunction with a conference in London on the topic. At the event, industry figures from across Europe said they saw the consolidation trend continuing but with more caveats and nuance than previously.
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