Chinese capital may seek insurers
The global insurance sector could be the next target of Chinese capital.
Since last year, Chinese companies have announced at least nine M&A deals for overseas insurers. The total deal value (both pending and completed) exceeded $8.4 billion, up 280 percent from China’s total outbound insurance M&A value in 2014, according to financial data provider Dealogic.
“What we are seeing now is just the beginning and such a trend will continue in the future,”said Wang Guojun, an insurance professor at the University of International Business and Economics in Beijing.