Solvency II will drive UK M&A, Fitch predicts
Fitch Ratings expects Solvency II and low valuations to result in further merger and acquisition activity in the UK non-life insurance sector in 2012.
Martyn Street, director in Fitch's insurance team, explained: "Smaller franchises and insurers unable to repair balance sheets weakened by the unprecedented catastrophe losses incurred during 2011 are
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