Insurance mergers forecast
Published:Thursday | July 16, 2009 | 2:22 PM
A senior Caribbean insurance executive is predicting a new series of consolidations in the industry.
Changes in the way the insurance industry is operated are expected in the wake of the financial troubles of Clico, the Trinidad-based regional financial services company.
Head of the Insurance Association of the Caribbean, Douglas Camacho says there will likely be greater demand for insurance mergers and acquisitions if governments enforce tougher corporate governance practices.