News: Opinions differ regarding true meaning of acquisition activity
Industry experts have voiced conflicting opinions over whether a recent rise in insurance market acquisitions signalled a return to the frenzied purchasing of the past or was merely a "blip".
Ian Clark, insurance partner at Deloitte, said that following a lack of acquisitions over the past 18 months, he expected a rise in activity as the "backlog" started to come to market.
However, Kieran Marsh, chief executive of Marsh Corporate Consulting, described recent activity as a "blip" as the country's economy was "still in a very stressed state".
The comments follow a recent surge in purchases including Junction buying Bradford & Bingley's motor and home insurance business, Catlin Group
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