Lloyd’s market M&A looks set to continue as focus turns to private equity |
13 February 2013
Deloitte, the business advisory firm, believes M&A activity in the Lloyd’s insurance market will continue and the focus will turn to private equity-owned businesses looking for an exit.
Will Geer, insurance director at Deloitte, said:
“The attractions of the Lloyd’s market are as compelling as ever for potential investors. However, given the challenge of entering the Lloyd’s market by the start-up route for many players, the recent M&A trend looks set to continue.
“Four Lloyd’s M&A deals completed in 2012 with an aggregate deal value of approximately £450m. At present, about £3bn of premiums in the market is under private equity ownership, with many investments being more than five years old. A continued uptick in valuations across the market may present a window of opportunity for these investors to exit.”
Ends
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