Consolidation create opportunity
Article Abstract:
The consolidation of insurance companies brings awareness on the part of the agents to strive hard to meet the growing needs of the individual customers. The objectives of consolidation are to reduce costs, increase market share and strengthen profits. No single company's product line can meet the demands of all the agent's customers. Hence, the trend is already discernable that fewer and larger insurance companies will be dealing with fewer and larger agencies.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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AXA-UAP merger will embolden France's private business sector
Article Abstract:
AXA G.I.E. agreed to acquire state-run insurer Union des Assurances de Paris in a share swap. The merged insurance company will have about $422 billion in assets under management and market capitalization of about $20 billion. AXA does not plan any significant layoffs. Under Chmn Claude Bebear, AXA has acquired American insurer Equitable Life Assurance Society and Australian insurer National Mutual.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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New-style mergers marry two cultures
Article Abstract:
Merging insurance companies need to develop a comprehensive strategy to build trust and resolve difficulties. Such management practices should identify synergies to increase market penetration or to broaden product lines. Negotiation of conflicts and resolving communication difficulties are essential.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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