Insurance executives foresee an increase in mergers and acquisitions in the next 12 months, as a result of strong financial performances in their industry, according to a survey KPMG LLP released Wednesday.
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The New York accounting firm polled 270 industry executives and found that 59% expected an increase, compared with 38% last year.
More than 40% of the executives said their highest investment priority is "strategic acquisitions." The second-most popular response was technology, which 30% of the executives selected.
Most insurers say they are in a strong position to make a deal, despite the subprime mortgage credit crisis.
