Creating Value in Insurance Mergers and Acquisitions

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Publisher : Springer Science & Business Media
ISBN 13 : 3834982105
Total Pages : 343 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Creating Value in Insurance Mergers and Acquisitions by : Andreas Schertzinger

Download or read book Creating Value in Insurance Mergers and Acquisitions written by Andreas Schertzinger and published by Springer Science & Business Media. This book was released on 2009-06-30 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Andreas Schertzinger identifies determinants of successful transactions, such as transaction timing and diversifying transaction strategy, through a multivariate statistical analysis. Two case studies illustrate success factors specifically related to the conduct of transactions in greater detail.

Insurance Industry Mergers & Acquisitions

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Publisher :
ISBN 13 : 9780975933701
Total Pages : 489 pages
Book Rating : 4.9/5 (337 download)

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Book Synopsis Insurance Industry Mergers & Acquisitions by : Jim Toole

Download or read book Insurance Industry Mergers & Acquisitions written by Jim Toole and published by . This book was released on 2005-05 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance Industry Mergers & Acquisitions

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Author :
Publisher :
ISBN 13 : 9780975933701
Total Pages : 489 pages
Book Rating : 4.9/5 (337 download)

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Book Synopsis Insurance Industry Mergers & Acquisitions by : Jim Toole

Download or read book Insurance Industry Mergers & Acquisitions written by Jim Toole and published by . This book was released on 2005-05 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Success of Mergers and Acquisitions in the Insurance Industry: What Can We Learn From Previous Empirical Research?

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Publisher : GRIN Verlag
ISBN 13 : 3656724067
Total Pages : 348 pages
Book Rating : 4.6/5 (567 download)

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Book Synopsis Success of Mergers and Acquisitions in the Insurance Industry: What Can We Learn From Previous Empirical Research? by : Sven Bach

Download or read book Success of Mergers and Acquisitions in the Insurance Industry: What Can We Learn From Previous Empirical Research? written by Sven Bach and published by GRIN Verlag. This book was released on 2014-08-20 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, University of Cologne (Seminar für Allg. BWL, Risikomanagement und Versicherungslehre), language: English, abstract: Since the 20th century, the insurance industry has experienced an unprecedented wave of M&A. However, in spite of the drastic increase in insurance M&A activity, there has been little consistent empirical evidence on the value enhancement of these deals. Hence, many open questions still exist in this research area. The most fundamental questions are whether insurance M&A actually create value and what determinants influence the success of these undertakings. This thesis attempts to find answers to these questions by first examining the status quo of academic literature published in this field of research and bringing together the empirical findings on the success of insurance M&A and its influencing factors. Overall, the literature review outlines that insurance M&A on average tend to create value for shareholders of the target firms as well as for the combined entity of acquirer and target. Moreover, shareholders of acquiring US insurance firms, on average, also benefit from these corporate undertakings. However, negative short-term as well as long-term wealth effects for acquiring insurers’ shareholders are the common finding in capital market studies analyzing the effects of M&A transactions in the European insurance industry. Secondly, the reliability and validity of the findings of previous research are tested in an own empirical analysis which uses a fairly new approach to evaluating the success of M&A by using the idea of stochastic dominance (SD). More precisely, using a sample of 102 transactions conducted by publicly traded Western European insurance firms between the years 1993 and 2009, this work analyzes whether investors in acquiring insurance firms benefit from M&A by comparing return distributions of acquiring firm portfolios with benchmark portfolios using the first two orders of SD. The results show that insurance M&A trigger a negative short-term capital market reaction for acquiring European insurance firms. However, this short-term underperformance diminishes over time, and over a longer period of time of up to three years after M&A announcement, there is no underperformance of acquiring European insurers. In conclusion, based on the accumulated evidence from past empirical studies as well as the empirical investigation of this thesis, it can be concluded that M&A, not only in the US insurance market but also in the European insurance market, seem to be a viable model and are likely to lead to success for all parties involved.

Structuring Mergers and Acquisitions in the Insurance Industry

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Publisher :
ISBN 13 : 9781550494846
Total Pages : 265 pages
Book Rating : 4.4/5 (948 download)

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Book Synopsis Structuring Mergers and Acquisitions in the Insurance Industry by : Insight Information Inc

Download or read book Structuring Mergers and Acquisitions in the Insurance Industry written by Insight Information Inc and published by . This book was released on 1994 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Mergers and Acquisitions in the Global Insurance Industry

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Publisher :
ISBN 13 : 9781853348914
Total Pages : 206 pages
Book Rating : 4.3/5 (489 download)

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Book Synopsis Strategic Mergers and Acquisitions in the Global Insurance Industry by : Sue Copeman

Download or read book Strategic Mergers and Acquisitions in the Global Insurance Industry written by Sue Copeman and published by . This book was released on 1997 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management

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Publisher : Springer Science & Business Media
ISBN 13 : 1461550459
Total Pages : 379 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management by : J. David Cummins

Download or read book Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.

Structural Trends and Conditions in the Automobile Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Structural Trends and Conditions in the Automobile Insurance Industry by :

Download or read book Structural Trends and Conditions in the Automobile Insurance Industry written by and published by . This book was released on 1970 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Life Insurance Company Mergers and Consolidations

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Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Life Insurance Company Mergers and Consolidations by : Robert Allen Marshall

Download or read book Life Insurance Company Mergers and Consolidations written by Robert Allen Marshall and published by . This book was released on 1972 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Effects of Insurers' Mergers and Acquisitions on Market Share Throughout the World

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Publisher :
ISBN 13 : 9780953618804
Total Pages : 134 pages
Book Rating : 4.6/5 (188 download)

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Book Synopsis Effects of Insurers' Mergers and Acquisitions on Market Share Throughout the World by : Sue Copeman

Download or read book Effects of Insurers' Mergers and Acquisitions on Market Share Throughout the World written by Sue Copeman and published by . This book was released on 1999 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Life Insurance Company Mergers and Consolidations in the Southeast

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Life Insurance Company Mergers and Consolidations in the Southeast by : Robert Allen Marshall

Download or read book Life Insurance Company Mergers and Consolidations in the Southeast written by Robert Allen Marshall and published by . This book was released on 1970 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accounting for M&A

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Publisher : Routledge
ISBN 13 : 1000066525
Total Pages : 331 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Accounting for M&A by : Amir Amel-Zadeh

Download or read book Accounting for M&A written by Amir Amel-Zadeh and published by Routledge. This book was released on 2020-04-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spending on M&A has, in aggregate, grown so fast that it has even overtaken capital expenditure on increasing and maintaining physical assets. Yet McKinsey, the leading management consultancy, reports that "Anyone who has researched merger success rates knows that roughly 70% fail". The idea that businesses might be using huge and increasing sums of shareholders’ money for an activity that more often than not leads to failure calls into question the information on which M&A decisions are based. This book presents statistical studies, case material, and standard-setters’ opinions on company accounting before, during, and after M&A. It documents the manipulation of annual accounts by acquirers ahead of share for share bids, biased forecasts of post-merger earnings by bidders, and devices to flatter earnings when recording the deal. It explores the challenges for standard-setters in regulating information flows during and after M&A, and for account-users wishing to learn from financial statements how a deal has affected performance. Drawing on a wide range of international examples, this readable book is targeted not just at accounting specialists but at anyone who is comfortable reading the serious financial press, is intrigued by what is going on in the massive M&A market, and is concerned with achieving better-informed M&A. As such it might be of particular interest to business executives, lawyers, bankers, and investors involved in M&A as well as graduate students interested in researching or learning about the role of accounting in M&A.

Mastering the Merger

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Publisher : Harvard Business Press
ISBN 13 : 9781422163405
Total Pages : 248 pages
Book Rating : 4.1/5 (634 download)

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Book Synopsis Mastering the Merger by : David Harding

Download or read book Mastering the Merger written by David Harding and published by Harvard Business Press. This book was released on 2004-11-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's corporate deal makers face a conundrum: Though 70% of major acquisitions fail, it's nearly impossible to build a world-class company without doing deals. In Mastering the Merger, David Harding and Sam Rovit argue that a laserlike focus on just four key imperatives--before executives finalize the deal--can dramatically improve the odds of M&A success. Based on more than 30 years of in-the-trenches work on thousands of deals across a range of industries--and supplemented by extensive Bain & Co. research--Harding and Rovit reveal that the best M&A performers channel their efforts into (1) targeting deals that advance the core business; (2) determining which deals to close and when to walk away; (3) identifying where to integrate--and where not to; and (4) developing contingency plans for when deals inevitably stray. Top deal makers also favor a succession of smaller deals over complex "megamergers"--and essentially institutionalize a success formula over time. Helping executives zero in on what matters most in the complex world of M&A, Mastering the Merger offers a blueprint for the decisions and strategies that will beat the odds.

Mergers & Acquisitions

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (932 download)

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Book Synopsis Mergers & Acquisitions by :

Download or read book Mergers & Acquisitions written by and published by . This book was released on 1992 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance Mergers and Acquisitions

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Publisher :
ISBN 13 : 9780872246898
Total Pages : 592 pages
Book Rating : 4.2/5 (468 download)

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Book Synopsis Insurance Mergers and Acquisitions by :

Download or read book Insurance Mergers and Acquisitions written by and published by . This book was released on 1999 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Practical Approach to Mergers and Acquisitions in the Financial Services Industry

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Author :
Publisher :
ISBN 13 : 9789834006648
Total Pages : 257 pages
Book Rating : 4.0/5 (66 download)

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Book Synopsis A Practical Approach to Mergers and Acquisitions in the Financial Services Industry by :

Download or read book A Practical Approach to Mergers and Acquisitions in the Financial Services Industry written by and published by . This book was released on 1999-01-01 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Privacy

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Publisher : Springer Science & Business Media
ISBN 13 : 3540733787
Total Pages : 289 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Financial Privacy by : Nicola Jentzsch

Download or read book Financial Privacy written by Nicola Jentzsch and published by Springer Science & Business Media. This book was released on 2007-09-19 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated edition, author Nicola Jentzsch provides an in-depth analysis of the economics and regulation of financial privacy. You get a comparative overview of credit reporting systems in the US and in the 27 member states of the European Union. This is the "most in-depth study of the history and economics of credit reporting to date," according to David Medine, former Associate Director of the U.S. Federal Trade Commission.