The insurance industry should expect a sharp increase in merger and acquisition (M&A) activity over the next few years—both in the property & casualty and life insurance markets, according to global professional services company Towers Watson.
"Despite several global catastrophes over the past 12 months and continued economic volatility, companies will turn their collective attention from internal concerns and increase their focus on M&A," according to Jack Gibson, Towers Watson's managing director, global Mergers and Acquisitions.
