Run-off M&A reaches $1bn in 2012
Purchases of legacy P&C (re)insurance assets have already exceeded $1bn at the half-year stage, proving tangible evidence of the vibrant market for run-off business, according to data compiled by The Insurance Insider.
The disclosed prices of transactions or agreements to date amount to $954mn. And adding estimates from well-placed sources on the purchase prices for the four deals with undisclosed price tags takes the total close to or above $1bn.
Although this headline figure may be slightly inflated due to...
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