UK Faces Insurance Fire Sale To Meet EU Rules, KPMG Says

Law360, London (March 17, 2017, 5:58 PM GMT) -- More insurance firms will be put up for sale in the U.K. this year than in any other country as companies struggle to remain viable under the European Union’s tough new capital rulebook, KPMG International predicted on Friday.

In a year of frantic dealmaking, 84 percent of insurance companies around the world are planning between one and three acquisitions of rival firms in 2017, the accountancy giant said. Britain is predicted to lead the way in putting firms on the market for new buyers as hefty...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.