Insurers, reinsurers look at M&As to boost profit: A.M. Best

A report by U.S.-based ratings agency A.M. Best Co. Inc. said that insurers and reinsurers across the world are looking at mergers and acquisitions to increase profit amid poor underwriting performance, The Nation reported. A.M. Best said that reinsurers are looking at M&As to build capacity following lower reinsurance prices and increasing pressure from alternative capital markets. New business models and distribution practices have made tech-savvy or specialty insurers more attractive for M&As, the ratings firm added.

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