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Insurers' M&As in the United States duringthe 1990-2022 period : is the fed monetary policy a causal factor?

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100  ‎$0‎MAPA20080129026‎$a‎Dionne, Georges
24510‎$a‎Insurers' M&As in the United States duringthe 1990-2022 period‎$b‎: is the fed monetary policy a causal factor?‎$c‎Georges Dionne , Akouété-Tognikin Fenou and Mohamed Mnasri
520  ‎$a‎The study explains why mergers and acquisitions among U.S. life insurers dropped sharply after 2012. Using causal methods such as difference-in-differences, synthetic control, and SDID, the authors show that the Federal Reserve's quantitative easing policies (20082012) pushed interest rates to persistently low levels, reducing the profitability of variable annuities. Lower sales and margins weakened life insurers, making them less attractive as acquisition targets and less capable as acquirers. The paper concludes that monetary policy had a direct causal effect on reducing M&A activity in the life insurance sector, unlike the more stable non-life segment
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080606305‎$a‎Fusiones y adquisiciones
650 4‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 4‎$0‎MAPA20080586874‎$a‎Política monetaria
650 4‎$0‎MAPA20080578527‎$a‎Tipos de interés
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7001 ‎$0‎MAPA20260002606‎$a‎Fenou, Akouété-Tognikin
7001 ‎$0‎MAPA20260002613‎$a‎Mnasri, Mohamed
7102 ‎$0‎MAPA20080465346‎$a‎American Risk and Insurance Association
7730 ‎$w‎MAP20077001748‎$g‎23/12/2025 Volume 28 Issue 4 - 2025 , p. 609 - 642‎$x‎1098-1616‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-