A slowly recovering economy and a lingering soft market for insurers may portend an increased pace of consolidation in the insurance industry, a new report finds.

The report, “Insurance M&A: Overcoming the Challenges and Leveraging the Lessons Learned From the Financial Crisis,” was authored by Howard Mills, director & chief advisor of the Insurance Industry Group at New York-based Deloitte LLP, and by David Simmons, director and insurance M&A leader, Deloitte Tax LLP. The authors contend that after a prolonged lull in wake of the credit crisis, the environment is now favorable for mergers and acquisitions.

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