PwC: Megadeals can reshape reinsurance
Overall company strategy and holding on to value are key to taking advantage of the record numbers of mergers and acquisitions in insurance.
Arthur Wightman, head of the Bermuda territory and insurance for financial services firm PwC, said a new report from the firm warned that the scale of recent transactions had the potential to create pitfalls and possible complexities.
Mr Wightman said: “Acknowledging these challenges and tackling them head on drives the best chance of success, in particular where bold decisions are being taken in response to today's merger and acquisitions market.”
He was speaking as the report was unveiled at the Monte Carlo Reinsurance Rendez-vous, where he is hosting several PwC events for senior executives this week.
He added: “Decisions meed to be fully informed with those responsible being assigned and accepting accountability, from board level through to business unit leaders driving the operations for the evaluation and delivery of ideal objectives.
“These megadeals can propel businesses ahead of competitors and have the potential to reshape the industry.”

Need to
Know

2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service