For bankers, the sticker shock at rising car insurance premiums on their Range Rovers has a silver lining. As renewal pricing goes up, so do the prospects for M&A fees.

European insurer Ageas wants to take over London-based peer Direct Line Insurance Group Plc largely because inflation is boosting Britain’s now “structurally profitable” general insurance market. Direct Line’s market value halved in the last three years as claims rose, making it a more attractive target. Plus its new chief executive, Adam Winslow, is just days in the job. He’s due to set out his stall tomorrow.

QOSHE - Your Painful Car Renewal Is Driving Some Risky M&A - Chris Hughes
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Your Painful Car Renewal Is Driving Some Risky M&A

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20.03.2024

For bankers, the sticker shock at rising car insurance premiums on their Range Rovers has a silver lining. As renewal pricing goes up, so do the........

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