Programmatic Mergers and Acquisitions in the Insurance Sector
James Giacin is a St. Louis-based financial executive with a diverse professional background. His expertise encompasses a wide range of areas, including business development, product development, and client services. The managing director of a financial firm in St. Louis, Missouri, James Giacin provides financial institutions with a range of financial services, including relating to insurance company mergers.
According to mckinsey.com, many insurance companies are leveraging programmatic merger and acquisition plans to generate a high total shareholder return, and the strategy has been efficient. Rather than acquiring and merging with companies to scale, programmatic mergers and acquisitions typically target small to medium-sized companies that offer unique products and new capabilities.
In programmatic mergers and acquisitions, an insurance company leverages growth themes when selecting targets. Growth themes are areas where a company can add value to its target. In most cases, this is about improving the target’s already diverse offerings. Examples could include improving product creation capabilities for personal and commercial property and casualty (P&C) lines or bringing resources that optimize a target’s operations in its unique niche. Companies typically leverage programmatic mergers and acquisitions when organic growth is less practical.
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January 12, 2024 at 03:36PM