News: London market ripe for further M&A activity – AM Best

The London market, especially Lloyd’s, could witness another spate of mergers and acquisitions, according to AM Best.

There are a number of factors making this more likely, according to their report. The soft market is hindering organic growth so the easiest way to expand may be through acquisition. Furthermore, Lloyd’s might appeal to outside investors seeking diversification and access to new markets. The fact that it is not viewed as capital-intensive is another attraction.