New York — The push by Middle Eastern and Asian countries to build diversified financial centers over the next several years could have profound implications for the insurance industry.

A new report from New York-based Deloitte Research, “Insurance Firms: The Missing Link in the Sovereign Wealth Fund Acquisition Spree,” contends that acquiring insurance companies would make strategic sense for sovereign wealth funds (SWF) after their recent activity elsewhere in the financial services sector.

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