Bigger does not mean better for insurers

Published in: Risk management, Corporate strategy, Capital management, UK, Rest of Europe

Companies: Allianz, Axa, Credit Agricole Assurances, Munich Re, Aviva, Generali, Fitch Ratings, McKinsey

Expanding an insurance business in good times typically meant growing profits. In today's tougher economic environment, Europe's largest insurers are being much more prudent about spending capital, and are only considering very careful expansion, as David Walker writes

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