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.

Independent insurance agents

---

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.

France, AXA Group, Union des Assurances de Paris

---

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.

Management, Acquisitions and mergers

Similar abstracts:

• Abstracts: Bank distribution called opportunity for insurers. Surge in life sales proves French bancassurance's success. Banks stake their claim
• Abstracts: New distribution channels are beginning to emerge. Why the LTC market is heating up
• Abstracts: Dual-purpose retirement/section 105(c) disability plans. New 401(k) rules for current- and prior- year testing
• Abstracts: $2 trillion and counting: in 1995, world insurance premiums broke the US$2 trillion mark. Developing countries emerging as untapped opportunity
• Abstracts: Let's help make a deal; intermediaries feel the squeeze as mergers and acquisitions add up - more than 200 insurance deals last year alone

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.