1005 GMT - European insurance's surprisingly busy M&A streak could continue in 2025, Autonomous says in a research report. Out of the 30 insurers covered by the brokerage, 22 have material acquisition interest. The most plausible target candidates are Abrdn, Prudential, M&G and Direct Line--which is being taken over by Aviva, analysts say. Newsflow on asset-management activity is likely around Generali and Allianz, who seem to be seeking partnerships. Ageas might be a breakup target, they say. "We think the scope for larger acquisitions is probably increasing, given the build up of capital and exhaustion of internal optimization options to drive, arguably increasing, ambitions for growth," they note. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 19, 2024 05:05 ET (10:05 GMT)
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