Market divided on insurer mergers
Recent takeovers have left brokers pondering the impact of these deals on the industry
Brokers have predicted more insurance mergers but remain unconcerned by the changes following two major takeovers in the market this year.
On 10 June Tokio Marine Holdings (TMHD) bought HCC Insurance Holdings in a deal worth $7.5bn (£4.85bn). In January XL Group agreed to pay £2.79bn for Catlin and the two companies have now started merging into XL Catlin.
Howard Lickens, chief executive officer at Clear Insurance Management, pointed out that there was so much choice in the market that a little
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