European ills put insurers within reach of more assets

Chinese firms become integrated into insurance market in Europe

China's insurance industry is becoming further integrated into the European economy through Chinese insurance companies' increasing acquisitions in Europe, said James Peagam, global head of JP Morgan Asset Management's insurance advisory.

This trend is emerging against the backdrop of consolidation in the European insurance market, as falling fixed-income yields over the past 30 years are leading to an increasing number of mergers and acquisitions among European insurance firms, Peagam said.