It’s never been a better time to be in insurance, as the price of policies heads higher and higher. And a red-hot market means it’s never been a better time to have an insurance business on the auction block.
Earlier this year, insurance broker giant Marsh & McLennan agreed to acquire Australia’s Honan Insurance, while Allianz Australia has mandated Deutsche Bank to run a sale process for its premium funding business this half, as first reported by this column.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
