TITLE

Soft P/C market, lack of targets slowing pace of M&A

AUTHOR(S)
Hofmann, Mark A.
PUB. DATE
July 2005
SOURCE
Business Insurance;7/18/2005, Vol. 39 Issue 29, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the role of contingent commission controversy in slowing broker mergers and acquisitions in the U.S. insurance business. Impact of the attack on contingent income and the decline in profitability of property/casualty marketplace on the business; Other reasons behind the scarcity of the M&A activities in the industry; Total number of agencies that have been acquired since the approval of Gramm-Leach-Bliley Act among financial services sector in 1999.
ACCESSION #
17775443

 

Related Articles

  • Take It Slow, Plan Every Step. Ha, Michael // National Underwriter / P&C;7/26/2004, Vol. 108 Issue 28, p12 

    Presents business management tips involving merger and acquisition of small insurance agencies in the U.S. Need to spend time away from the normal business obligation during the process; Consideration whether the combining firms are too diverse in their cultures and business systems; Tips in...

  • NEWS IN BRIEF.  // Money Marketing;9/22/2005, p2 

    Reports on developments regarding financial service related issues in Great Britain. Effects of the increase of remortgages on lending figures; Agreement between Equitable Life and its former directors and auditors Ernst and Young; Acquisition of the private medical insurance business of First...

  • Weakening links. Clifford, Rob // Mortgage Strategy;11/7/2005, p43 

    Focuses on the changes in the mortgage market in Great Britain. Reason for the prevalence of merger among brokers; Influence of the stringent regulations from the Financial Services Authority on the industry; Factors affecting the status of mortgage networks.

  • Gains and losses among networks. Griffiths, Richard // Mortgage Strategy;7/18/2005, p50 

    Comments on the consolidation of mortgage networks in Great Britain. Deal entered between the network Mortgage Broking Services and Optoma Interpartners network; Arrangement between Lifelink and the newly merged independent financial adviser firm Thinc Destini; Plan of Professional Mortgage...

  • SNL Says M&A Activity Soars On 3rd Quarter. Bell, Allison // National Underwriter / Life & Health Financial Services;10/20/2003, Vol. 107 Issue 42, p12 

    Announces the acquisitions and mergers of insurance companies in the third quarter of 2002. Effect of the announcement of major deals on the total insurance deal value; Benefits of the acquisitions and mergers of insurance companies on the deal value of the insurance business; Implications of...

  • Fiserv Software Deal Aids Bank Agency Line. Buurma, Christine // American Banker;3/6/2006, Vol. 171 Issue 43, p6 

    The article looks at Fiserv Inc.'s acquisition of CT Insurance Services and CCH Wall Street, which are subsidiaries of financial technology provider Wolters Kluwer Financial Services. According to the president of Fiserv Insurance Solutions subsidiary in Iowa, Terry Wade, the purchase will...

  • Market Digests Increasing Number of Insurance-Linked Deals. N. C. // Asset Securitization Report;5/19/2008, Vol. 8 Issue 20, p19 

    The article focuses on the growth of insurance-linked deals in the finance market in Europe. Analysts predict that although it is expected to improve risk management and transparency in the European insurance market, it is also likely to spur a spate of consolidation among insurers. However,...

  • Homeserve and M&S team up for insurance venture. Kilby, Nathalie // Marketing Week;9/13/2007, Vol. 30 Issue 37, p8 

    The article reports on the merger of Homeserve GB, the home emergency call-out and insurance business, and Marks & Spencer to provide a branded holiday insurance product in Great Britain. The product, which will be sold through M&S offers customers insurance cover on their home while they are on...

  • Hudson United Acquiring Flatiron Credit. Rieker, Matthias // American Banker;7/28/2003, Vol. 168 Issue 143, p20 

    The article reports on the announcement by Hudson United Bancorp. that it has agreed to buy Flatiron Credit Co. Inc., a private company owned by Warburg Pincus Ventures LP of New York, for $40 million in cash. Flatiron is an insurance premium finance company that focuses on small-business...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics