Insurance M&As expected to focus on insurtech

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“The peak in terms of deal size – those over $5bn (£4bn) – we saw in 2014 and 2015, seems inevitably to have passed,” says Martin Membery, head of the global insurance practice at lawyers Sidley Austin. “There are only so many organisations of that size that can pair up and merge. It wasn’t too surprising that we didn’t see the same level of mega-deals in 2016.” A recent report from lawyers Clyde & Co – appropriately entitled Insurers search for growth – put this slowdown in activity int