Justin Coss, general counsel of AUB Group, said: 'The pace of consolidation continues to be strong. There's plenty of activity on the M&A side.' The current consolidation of the insurance industry is partly due to the fact that a soft phase in pricing of premiums is driving down the income that insurers receive per policy.
Small legal teams
Mr Coss is the only member of the AUB Group in-house legal team and so, like other lawyers in small in-house legal teams, is used to turning to external professionals for help. Source: Lawyers Weekly