Insurer mergers and acquisitions are heating up: Aetna recently announced planned acquisitions of Prodigy Health Group and Genworth’s Medicare supplement business; Allstate Corp. purchased Esurance and Answer Financial from White Mountains Insurance Group Ltd.; UnitedHealth Group Inc. struck several deals in the past year. And, according to a new Towers Watson survey, insurers feel confident in their M&A activity. U.S. insurers believe that they are more successful at accomplishing consolidation and strengthening competitive position compared to their non-insurance counterparts, the report, “M&A Role of the Manager,” indicates.

While 66% of non-insurers and 60% of insurers cited strengthening competitive position as an objective for their most recent M&A, 62% of insurer respondents said the transaction was highly successful in this regard, while only 31% of non-insurers responded in kind in this survey of more than 203 managers in U.S. organizations, 100 of whom are from the insurance industry.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access