Chinese conglomerates to acquire insurers in 2016: Willis Towers Watson

U.K.-based Willis Towers Watson P.L.C. has said that Chinese conglomerates plan to acquire insurers in 2016 as they look to grow outside Asia amid a slowing economy and declining insurance rates, reports Bloomberg.

"We've been pretty active working with Chinese buyers," said Rafal Walkiewicz, a Willis Towers Watson official.

It is taking "many more inquiries from large industrials who either want to replicate what Fosun does or they just want to diversify," added Mr. Walkiewicz.

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