Brexit, political uncertainty to restrict M&A activity in European insurance industry: A.M. Best

U.S.-based ratings agency A.M. Best Co. Inc. has said that Brexit and political uncertainty in Europe are likely to further depress merger and acquisition activity among European insurers this year after a steep decline in deals in 2016, Reuters reported.  A fall in the pound following Brexit, elections scheduled in France and Germany this year and negative interest rates in some European countries are some of the main reasons deals may be few and far between, the agency said.

Read more.