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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
United States | Publication | July 2021
On May 24, 2021, Governor Gretchen Whitmer announced updates to Michigan OSHA’s COVID-19 emergency rules and the Michigan Department of Health and Human Services COVID-19 Gatherings and Face Masks epidemic order, eliminating outdoor capacity limits and increasing indoor social gatherings to 50 percent capacity as of June 1.
Michigan OSHA published its revised COVID-19 emergency rules in accordance with the state’s “Vacc to Normal” plan and other recent health guidelines. In particular, with the state having achieved a 55 percent vaccination threshold, Michigan OSHA has removed the requirement that employers create a “policy prohibiting in-person work for employees to the extent that their work activities can feasibly be completed remotely.”
The emergency rules are set to expire on October 14, 2021, unless rescinded sooner.
Other developments of note:
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It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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