Bjorn Turnquist Quotes

M&A in insurance was bleak this quarter. Equity market jitters combined with accounting and reserve issues will likely keep M&A sluggish for the next couple of quarters.

- Bjorn Turnquist

Tags

Insurance | Bleak | Quarter | Equity | Market |

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There's uncertainty within the insurance industry, as companies are currently unwilling to take the risk of another company's business and infrastructure. There also have been plenty of rate increases, so there is not as much pressure to grow through acquisition. - Bjorn Turnquist

Large deals just aren't getting done. We continue to see smaller deals, but companies are still hesitant to take any risk. This trend is likely to continue until the clouds of Enron, WorldCom and Arthur Andersen clear. - Bjorn Turnquist