It's no secret that the onslaught of insurance industry mergers and acquisitions (M&A) has left many a carrier bruised and battered. Combining systems-IT and human-requires forethought, skill, dedication and focus.There may not be much consolation in the knowledge that insurance M&A activity increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to Conning Research and Consulting Inc., Hartford, Conn.
Conning may have had The Hartford in mind when it collected its research. The Hartford, Conn.-based life insurer recently completed its final steps to acquire CNA's group life, accident and short-and long-term disability business.
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