Hartford, Conn. — A soft dollar caused U.S. insurers to concentrate their merger and acquisition activities domestically in 2007, especially in the property-casualty and health insurance sectors, according to a new study by Conning Research and Consulting.

“Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers—primarily Western European firms—who clearly see value in this market,” says Sherry Manetta, director at Conning Research & Consulting. “In fact, only 20% of primary and reinsurer transactions involved a U.S. entity at all. Those few U.S. insurers who were active internationally made acquisitions to build share in existing markets rather than entering new countries.”

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