Mergers and Acquisitions

  • More than 150 life insurers now own brokerage or investment firms, according to the National Association of Securities Dealers.
  • ''The franchise value of a major securities firm is something that is clearly established,'' said George L. Ball, chairman of Prudential-Bache Securities. ''Insurance is a steady parent for the more volatile investment arm, making a very nice link.''

1986 1227 - WHY INSURERS COVET BROKERS, New York Times