Opinion: M&A flow

In late 2015, this publicationconfidently predictedthat the Florida market was set to
become the scene of frantic M&A activity as the owners of
several of the state's homeowners' insurers looked for
liquidity through a sale or IPO.
High trading multiples for listed Floridians coincided with
evidence of emerging top and bottom line pressures in the sector,
suggesting an opportune time for investors to exit before
conditions deteriorated.
For much of the next 12 months, it looked as if...