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Law firms receive wave of work due to insurance sector M&A


By Neasa MacErlean

14 December 2015 at 09:07 BST


Consolidation in the insurance sector is creating a surge in M&A work in the Australian legal market that has been rippling out from in-house lawyers to their legal advisers.

JIANG HONGYAN

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

 
   
 
 
 

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