Look for 2017 to be the year of the deal — at least in the insurance industry.
A new report from KPMG International in association with Mergermarket, "The New Deal: Driving Insurance Transformation with Strategy-aligned M&A," predicts insurers will be looking to buy and to sell in the course of the year, with 84 percent of insurance companies planning to make between one and three acquisitions in 2017, while 94 percent plan at least one divestiture.
Two-thirds of respondents to the survey of 200 global insurance decisionmakers also say they plan a cross-border acquisition this year, with the U.S. the top national destination for acquisitions; China follows.
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