Creating Value in Insurance Mergers and Acquisitions

  • Authors
  • Andreas Schertzinger

Table of contents

  1. Front Matter
    Pages I-XXIII
  2. Andreas Schertzinger
    Pages 1-4
  3. Andreas Schertzinger
    Pages 5-47
  4. Back Matter
    Pages 301-343

About this book


The fundamental economics of the European insurance industry and specifically the impact of the recent economic crisis on the financial services sector are likely to cause a wave of M&A transactions in the insurance sector. An event study of the previous M&A cycle in the European insurance industry shows that M&A transactions on average achieve short-term value creation. However, there is a significant dispersion among individual transactions and, in the long term, the average M&A transaction destroys value.

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.


Diversifikation Kapitalmarkt M&A Transaktionen Versicherung

Bibliographic information

  • DOI
  • Copyright Information Gabler Verlag | GWV Fachverlage GmbH, Wiesbaden 2009
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-1454-5
  • Online ISBN 978-3-8349-8210-0
  • Buy this book on publisher's site