Will the Insurance M&A Market Unfreeze? Rising Expectations for the Second Half of 2024
Recent developments suggest that the insurance mergers and acquisitions (M&A) market may be regaining momentum in the second half of 2024 Recent developments suggest that the insurance mergers and acquisitions (M&A) market may be regaining momentum in the second half of 2024. The combination of insurance companies' earnings surprises and financial holding companies' push to expand their non-bank portfolios is raising hopes that the current inventory of unsold assets could be resolved. This article explores the current state and future outlook of the insurance M&A market. The insurance M&A market is starting to attract attention again. After a prolonged period of stagnation, there are indications that activity might pick up in the latter half of the year. Currently, six insurance companies are up for sale: ABL Life, Cardif Life, KDB Life, MG Non-Life, Dongyang Life, and Lotte Non-Life. The main reasons for the prolonged sale delays have been concerns about financ...