Soft market and willing capital drive M&A: S&P

Further consolidation among (re)insurers can be expected as
unrelenting pricing pressures over the next 12 to 24 months and a
continuing influx of capital compel larger carriers to seek growth
through acquisitions, according to Standard & Poor's
(S&P).
In a report published this week, S&P analysts led by Taoufik
Gharib said: "We expect the industry to continue to adapt to
the challenging operating environment, resulting in fewer but
larger (re)insurers."
The report cited "an abundanc