John Marra is a transaction services partner at PwC, dedicated to the insurance industry, with more than 20 years of experience. Marra’s focus has included advising both financial and strategic buyers in conjunction with mergers and acquisitions.
He is experienced in all facets of mergers and acquisitions, beginning with the origination of the transaction, structuring phase, continuing through due diligence (both buy-side and sell-side), valuation and culminating with post-acquisition integration.
Marra leads due diligence teams, provides assistance in the drafting and negotiating of purchase/sale agreements, assists with historic GAAP and statutory as well as purchase accounts considerations and assists with developing positions on issues arising from settlement of purchase price disputes.
Executive Summary The U.S. insurance sector announced deal value reached $9 billion in the second half of 2017, down from $24.2 billion in the second half of 2016. Activity remains robust in the brokerage sector, with 232 announced deals, which was 3% higher than in the same period in 2016. Among insurers, megadeals have been […]
The U.S. insurance sector announced that deal value has more than tripled to $10 billion in the first half of 2017, compared with $2.9 billion in the first half of 2016. Activity remains robust in the brokerage sector. The largest announced deal in the period was the acquisition of insurance broker USI by an investor […]
Insurance M&A remained very robust in 2016 after record activity in 2015. There were 482 announced transactions in the industry for a total disclosed deal value of $25.5 billion. The primary drivers of deals activity were Asian buyers eager to diversify and enter the U.S. market; divestitures; and insurance companies looking to expand into technology, […]
Mergers and acquisitions in the insurance sector continued to be very active in 2016 on the heels of record activity in 2015. There were 482 announced transactions in the sector for a total disclosed deal value of $25.5 billion. Deal activity was driven by Asian buyers eager to diversify and enter the U.S. market, by […]
2015 was a record year for announced insurance deals, as long-anticipated industry consolidation finally started to occur. Several factors have driven consolidation, notably slow economic growth and persistently low interest rates, both of which have limited opportunities for organic growth and forced insurers to reconsider their long-term competitive strategies. Combined with record levels of corporate […]
Insurance M&A markets remained active in the first half of 2016 despite the lack of mega deals. The largest transaction this year was BB&T Corp. acquiring wholesale insurance broker Swett & Crawford for $500 million in cash from London-based Cooper Gay Swett & Crawford. On a relative basis, the announced deal activity and value declined […]
Insurance M&A activity in the U.S. rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals […]