After a record year of M&A in 2003, the (re)insurance industry nearly fell silent in 2004. The number of transactions completed dropped from 42 (at a value of USD18 billion) in 2003 to 17 in 2004, with a total value of USD449 million. From 2005 through last year, the M&A market saw a growth trend emerge, ultimately reaching 59 transactions at an aggregate value of USD16.6 billion in 2008. Carriers have been busy this year, too: 40 deals have closed, with a total value of USD7.1 billion, at the end of the third quarter of 2009. And, the trend is likely to continue upward.
* Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies, Inc. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.