Insurance M&A Rebound to Continue Into 2021: PwC
Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements in technology, PwC said in a new report.
The firm noted 222 announced transactions from the end of June through mid-November worth nearly $11 billion in total. Among one of the more noteworthy deals: Allstate’s $3.7 billion acquisition of National General Holdings Corp.