Creating Value in Insurance Mergers and Acquisitions (eBook)

Andreas Schertzinger (Autor)

eBook Download: PDF

2009 | 2009
XXIII, 343 Seiten
Betriebswirtschaftlicher Verlag Gabler
978-3-8349-8210-0 (ISBN)

Infos

Andreas Schertzinger identifies determinants of successful transactions, such as transaction timing and diversifying transaction strategy, through a multivariate statistical analysis. Two case studies illustrate success factors specifically related to the conduct of transactions in greater detail.



Dr. Andreas Schertzinger promovierte bei Prof. Dr. Dirk Schiereck am Stiftungslehrstuhl Bank- und Finanzmanagement der European Business School Oestrich-Winkel. Er ist heute als Unternehmensberater für McKinsey & Company, Inc., New York, tätig.

Inhalt

Foreword 6
Overview of Contents 8
Table of Contents 10
List of Figures 15
List of Tables 19
List of Abbreviations 23
1 Introduction 24
2 Overview of M& A in the European Insurance Industry
2.1 Objectives 28
2.2 Overview of M& A
2.3 M& A in the European insurance industry
2.4 Momentum in the European insurance M& A market
2.5 Summary 69
3 Recent Studies on the Success of Insurance Transactions 71
3.1 Objectives 71
3.2 Overview of recent studies on the success of M& A in the insurance industry
3.3 Event studies on value creation 74
3.4 Summary 94
4 Value Creation by M& A in the European Insurance Industry – an Empirical Investigation
4.1 Objectives 98
4.2 Data sample 100
4.3 Analysis of short-term value creation 112
4.4 Analysis of medium- and long-term value creation 148
4.5 Summary 181
5 Case Studies on Value Creation by M& A in the European Insurance Industry
5.1 Objectives 198
5.2 Analysis approach 200
5.3 Overview of selected cases 208
5.4 Case study A: Munich Re acquires American Re (1996) 215
5.5 Case study B: CGU merges with Norwich Union (2000) 266
5.6 Summary 315
6 Conclusion 319
7 Appendix 323
7.1 Event Study – Additional details on short-term analyses 323
7.2 Event Study – Additional details on long-term analyses 338
7.3 Case Study A – Additional details on Munich Re and American Re 339
8 References 345

Produkt-Details

• Erscheint lt. Verlag: 30.6.2009
• Vorwort: Prof. Dr. Dirk Schiereck
• Zusatzinfo: XXIII, 343 p. 91 illus.
• Verlagsort: Wiesbaden
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Diversifikation • Kapitalmarkt • M&A • M&A • Transaktionen • Versicherung
• ISBN-10: 3-8349-8210-5 / 3834982105
• ISBN-13: 978-3-8349-8210-0 / 9783834982100