Property/casualty reinsurance M&As plummet: S&P

U.S.-based S&P Global Ratings Inc. said that mergers and acquisitions in the global property/casualty insurance and reinsurance market declined to $22 billion in the past 18 months from $70 billion in 2015, Artemis.bm reports. "Following a slow start to 2017, we expect reinsurance M&A to remain slow through the rest of the year, due in part to high market valuations," said Taoufik Gharib, credit analyst at S&P.

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