A large property and liability insurance company merged with a bank and then acquired a stock brokerage company. This type of merger and acquisition activity is categorized as
A) insurance company consolidation.
B) cross-industry consolidation.
C) financial risk management.
D) insurance brokerage consolidation.

Question

Quizplus · Accepted Answer

The merger and acquisition activity described involves companies from different industries, which is known as cross-industry consolidation.

A Large Property and Liability Insurance Company Merged with a Bank