Many in the industry are forecasting a spell of consolidation. But how and when this may come to pass divides opinion, as Intelligent Insurer discovers.
The long-running and ultimately failed acquisition attempt by Endurance Specialty on Aspen Insurance this year crystallised a trend that many industry commentators had predicted for some time: the industry is overdue some serious consolidation.
“Lloyd’s businesses continue to be attractive acquisition targets and a popular route for gaining a presence in the market, although the number of ‘available’ businesses is now limited.” Aon Benfield report
Endurance, Aspen, John Charman, Stuart Shipperlee, Litmus Analysis