
Deloitte Report Reveals Insurance Industry Mergers and Acquisitions to Increase in 2013
A report released by Deloitte L.L.P. on Tuesday has revealed good news for several sectors of the insurance industry. According to the report, titled 'The Top 10 Issues for Insurance M&A in 2013: Time for Mergers and Acquisitions to Take Off?' the insurance industry should be seeing an increase in mergers and acquisitions in certain sectors this year. The increase in M&A (merger and acquisition) activity…
Reinsurance Renewals on Jan. 1st Remain Flat Despite Year of Catastrophes
Insurance giant Willis Re have released a report revealing that as of the Jan 1st 2013 (the renewal date for reinsurance rates), reinsurance rates have remained flat compared with 2012. This means that reinsurers have managed to avoid an increase to their rates despite the catastrophes suffered to property, amongst other things, in the wake of Superstorm Sandy that terrorised East coast of the United…