Run-off consolidators avoid M&A, AIRROC told
Run-off consolidators face tough challenges in finding growth opportunities as the low interest-rate environment continues, the legal head of consolidator Tawa Management told AIRROC delegates in New Jersey.
Tawa's general counsel, Marvin Mohn, said that the changing dynamics have altered the traditional pricing model for mergers and acquisition (M&A) activity in the sector.
Mohn commented that it is difficult to pursue and price run-offs
in the current economic environment.
"A few years ago you were talking about discounting reserves
by...
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