Case Studies on Value Creation by M&A in the European Insurance Industry

  • Andreas Schertzinger

Empirical studies on insurance M&A conclude that completed transactions created value over a short- and long-term horizon. The empirical analyses in this study find that European transactions between 1990 and 2005 created an average value of USD 30 mn per deal in the short-term,250 and USD 130 mn per deal in the long-term.251 Prior research, mostly focused on the U.S. P&C insurance industry and short-term effects around announcement of transactions, found even stronger value creation.252


Abnormal Return Life Insurance Life Insurer Market Median Expense Ratio 
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© Gabler | GWV Fachverlage GmbH 2009

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  • Andreas Schertzinger

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