Competition, regulations to drive insurer M&As: Fitch
Posted On: Jun. 6, 2018 6:33 AM CSTU.K.-based Fitch Ratings Ltd. expects further mergers and acquisitions in Sri Lanka's general insurance industry amid a crowded market and tough regulations, Daily Mirror reported. The country's insurance regulator directed composite insurers to segregate their life and nonlife businesses while increasing capital requirements in 2014. Fitch said that several local insurers divested their stakes from general insurance business to large foreign players.