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More SPACs may consider deals in 'exciting' insurance industry

Nov 19, 2020 - SNL Insurance Daily
Mergers and Acquisitions-Investments

The rise of special-purpose acquisition vehicles has emerged as one of the bigger stories in the financial markets in 2020, though, to this point, traditional IPOs have remained the focus for the insurance sector.

Traditional insurance carriers might not make for the primary targets many special-purpose acquisition companies seek to identify for their initial business combinations, but that could be changing as business dynamics evolve.

SPAC sponsor Andrew Poole, speaking at the rece...