Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue

April 14, 2008

  • April 14, 2008 at 11:04 am
    MERGE WATCHER says:
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    Let’s start the line here.

    HANOVER, HARLEYSVILLE, UNITED FIRE, SELECTIVE…. They are all ripe for the picking. Shall we go on? CNA? Hmmm?? STATE AUTO? AUTO-OWNERS?

    Also, who will Liberty buy next? And when will Traveler’s take a bite instead of continuing to kill themselves by underpricing business on the street?

  • April 15, 2008 at 5:46 am
    Jr. says:
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    Oh, I agree. And most vulnerable will be those in the $600 mill to $2 billion range. Companies with strong regional presence or a defined niche. Add EMC and/or Philadelphia to that mix. In fact, EMC at A- might need a pick-me-up. And Hanover, Selective, and Harleysville have been looked at a long time. State Auto is really hurting because of their acquisition strategies and buying business on the street. All speculation, but it will happen.

  • April 15, 2008 at 7:59 am
    Ratemaker says:
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    I can knock one off your list — Auto-Owners is a mutual company. It can’t be acquired without demutualizing first, and has more than enough capital without doing so.

  • April 18, 2008 at 1:12 am
    Jr. says:
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    But they can merge?



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