China: 12% of global insurers pick Greater China for acquisitions this year

China is seen as the target market for acquisitions this year by 12% of global insurers in a recent KPMG worldwide survey. The Chinese market trails the US which was picked by almost a quarter of insurers polled as their top national destination for acquisitions. The KPMG report, titled "The New Deal: Driving insurance transformation with strategy-aligned M&A", highlights that 84% of insurers surveyed are planning to make one to three acquisitions in 2017, and 94% are planning at least one divestiture; two-thirds of insurers said they expect to undertake a cross-border acquisition.