Brexit uncertainty to curb European insurance M&A

A map of Europe lit up and connected with dotted lines

In its latest Best Special Report, the rating agency said insurance mergers in Europe over the coming year were unlikely to match the M&A activities of previous years. The agency recorded $64bn worth of insurance M&A deals in Europe from 2012 to 2016. Last year, mergers amounted to $5bn, down by 72% from 2015 and 76% from 2014. According to AM Best, mergers between two insurance firms in the same European country will also become less common during 2017. “The scope for large transa