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Buyouts in Hindsight
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Just a few years ago, amid strong profits and solid premiums, the private equity world was keen on getting into the insurance industry. But that was then. Now, given the soft market and the current difficulties of the down-cycle, those moves by private equity firms, banks and other non-traditional buyers in the early part of the decade seem, in hindsight, like botched thinking. So says Alan Kaufman, head of Burns & Wilcox, who recently spoke with Insurance Journal. In this interview, Kaufman analyzes private equity's brief love affair with insurance and gives his expectations for future mergers and acquisitions in the insurance industry.
