Key takeaways
Host: Mark Purowitz, principal, Deloitte Consulting LLP
Presenters: Doug Sweeney, Matt Hutton, Ian Sparshott
1 Overview CPE credit | Specialized Knowledge
The COVID-19 pandemic and resulting economic fallout generated substantial headwinds for insurance industry M&A in 2020, and the impacts of COVID-19 are expected to extend well into 2021. However, unprecedented times create opportunities, and M&A could play a critical role as insurance companies move from the recover to thrive mode in the next normal. We’ll discuss:
- A review of 2020 insurance industry M&A activity
- Specific trends and drivers that may shape M&A strategy
- M&A developments in the United States, Bermuda, and several global markets
Meet the speakers
Mark Purowitz
Mark is a senior partner in the Mergers & Acquisitions (M&A) practice of Deloitte Consulting LLP, where he leads Strategy & Transformation for its broad M&A practice, as well as Deloitte's work on the Future of M&A. He also globally co-leads the Insurance M&A practice, as well as Deloitte’s internal incubator called Startup Deloitte, designed to identify new business opportunities across the firm.
Doug Sweeney
Doug is the National Risk & Financial Advisory Insurance leader for Deloitte Transactions and Business Analytics (DTBA) LLP. He provides valuation and financial consulting services to leading insurance and financial services firms. Doug has more than 15 years of experience in the valuation of business enterprises, business interests, and intangible and tangible assets. His work focuses on M&A analyses, tax and regulatory compliance, dispute resolution, financial structuring advice, strategic financial planning, and lease financing.
Matt Hutton
With more than 18 years of experience, Matt is a partner in Deloitte & Touche LLP's mergers & acquisitions (M&A) Transaction Services practice and focuses solely on financial services transactions. Matt spent the last 10 years providing a broad range of M&A strategy, target screening and selection, due diligence, transaction planning and execution, and accounting structuring services to the insurance, banking, asset management, and securities sectors. Prior to joining M&A Transaction Services, he worked within the assurance practice, primarily servicing insurance and banking clients. Mark is also part of Deloitte's financial instruments subject matter resource network.
Ian Sparshott
Ian is Deloitte's Global Financial Advisory Insurance Sector leader, a UK Transaction Services Partner and leads the UK firm’s Financial Services Transactions team. He has been advising in the Financial Services sector for almost 25 years on the conduct of Acquisition and Vendor Due Diligence as well as capital markets transactions. His transaction experience spans the financial services sector, but with a focus on Insurance including both Life & Pensions and Property & Casualty insurance underwriting and distribution. Ian has led the due diligence aspects of many of the largest and most complex UK and cross-border Insurance transactions. He has extensive experience of working with global insurers and reinsurers, asset managers, banks and private equity funds.
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