Experts suggest insurance demerger trend will continue in 2020

Last year saw the UK’s biggest insurer, Prudential Plc, spin-off M&G, its UK and European savings and investments business – and experts are predicting that the demerger trend may continue this year. The last few years have seen significant instances of insurers offloading businesses to allow them to focus on core operations. Some of the more noteworthy examples include the UK’s Esure’s 2016 demerger from price comparison site GoCompare and Standard Life selling its insurance business to Phoenix Group in 2018. Now, analysts have told Financial Times that stiffer capital requirements may cause more demergers to happen in 2020 – with insurance giants Aviva, Saga, RSA, and Admiral likely to have plans to downsize this year.

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