Thursday, December 14, 2017

Asian insurance M&A slumps by 40%

Insurance M&A deals in Asia Pacific dropped 40% during the first six months of the year, largely due to the more stringent capital controls implemented in China, a study by Clyde & Co said.

Globally, the industry saw 170 deals closed in the same period. Of this, 22 involved companies in Asia Pacific, down from 36 in the same period in 2016.

In Europe, the industry also felt the pinch of Brexit with deals slumping by 28%, while in the Americas deals were down to 81 from 86 last year.

The Middle East and Africa region, in contrast, saw an increase from just two to eight deals.

Clyde & Co, however, noted that this situation is expected to improve once China’s regulatory challenges ease, coupled by a growing stability in political and economic uncertainties.

The firm expects more M&A deals during the next six months.

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