MERGERS ANALYSIS
May 1st, 2005
BY ALAN OSBORNWHY have there been so few cross-border mergers and consolidations in the European Union (EU) insurance industry? According to a recent report by the European Commission, cross-border deals accounted for only about 20% of the total value of deals in the financial sector, including insurance, between 1999 and 2004. By contrast the level was 45% in other non-financial sectors over the same period. Brussels says the results of its study are "consistent with those in existing economic literature."Of course you could argue that there are so few mergers ...
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