Fitch: Concentration of U.S. P/C Market Share Slow to Change

April 22, 2015 6:26 PM

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(The following statement was released by the rating agency) CHICAGO, April 22 (Fitch) Recent merger and acquisition (M&A) activity in the property/casualty (P/C) (re)insurance market has led to speculation that a consolidation wave is forthcoming, but recent history shows the pace of consolidation is modest, according to a new Fitch Ratings report.

Fitch's review of U.S. P/C industry market share reveals that market concentration remains relatively dispersed with only gradual market share shifts over time. Combined market share of the 10 largest U.S. insurers expanded from 47% in 2004 to 50% in 2014. However, market share for the top 50 underw...

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