Risk & Financial Services

Insurance Industry M&A Consulting

In a recent Towers Watson survey of life insurance CFOs, only 38% reported that all or most of their deals over the past three to five years had met or exceeded expectations.

We know that acquisition-based growth is not without risks, particularly if you are exploring new geographies, products or markets. Identifying the best deal to maximize value demands detailed analysis of opportunities.

Insurers are now approaching M&As with their sights firmly fixed on operational efficiencies, scale, diversification and risk profile, as well as management talent. Increased awareness of shareholder losses that followed previous merger waves ensures that good governance, target selection and due diligence will be conducted with greater rigor.

Towers Watson has solid experience guiding many of the world’s leading life and property & casualty insurers through complex merger, acquisition, sale and restructuring transactions. We work with insurers on the buy or sell side of transactions, involving a substantial number of deals each year.

Our services include:

Acquisition strategy and execution
Corporate restructuring services
Due diligence for pricing, reserve adequacy and reinsurance program evaluation
Post-merger human capital and culture change issues
Reinsurance transactions aimed at facilitating entry into or exit from lines of business
Sales and capital-raising support with actuarial appraisals and reserve reviews
Securitization transaction