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People also buy in the pandemic. In the Mergers & Acquisitions (M&A) area, action continues despite the pandemic. The figures show that the level in the USA and Bermuda should exceed the previous year’s level. The fear of taking power Joe Bidens could fuel the market again.
In the first nine months of the year, M&A insurance moved $ 13.20 billion, in the same period last year it was about half, $ 6.36 billion, as the S&P Global Market Intelligence Report shows. Deals such as the purchase of the remaining company shares of Watford Holdings (538 million dollars) by Arch Capital have contributed to the growth so far, as the reporting medium said businessinsurance writes.
In contrast to the insurance M&A deals, S&P sees a slowdown in the broker M&A deal sector. Nevertheless, it is “not excluded” that there will be movement in the market again. This is mainly due to Joe Biden. The – legal disputes aside – likely next US president unsettles companies willing to sell. They fear higher taxes on sales when the Democrat comes to power and want to finalize potential deals by the end of the year before Biden takes office in January.
In the course of the year to date, a decline of 15.3 percent was noted on the broker trading platform.
Author: VW editorial team
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