International insurance mergers and acquisitions appear to be on the increase, according to “Surviving the perfect storm: The outlook for insurance M&A in EMEA,” a report from Towers Watson.

Seven out of 10 global insurance executives interviewed by the global professional services company and global intelligence company Mergermarket, said their companies were planning mergers and acquisitions over the next three years. Over the past three years, 39 percent have completed such a transaction and 77 percent said they anticipate an increase in insurance M&A in the next one-to-three years.

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