In a recent analysis published by Advisen, the issue of insurer consolidation is examined. This trend is not new, in fact, if we look over the last decade or two, you note an unsettling trend in consolidations in the insurance industry. First it was a consolidation among the large, global brokers. Gone are A&A, J&H and some of the other real global performers. As a risk manager, it became harder and harder to access a broker with a true global presence to help you manage a worldwide presence. Now, as Advisen points out, the consolidation is in the insurer space. This too isn’t new. In addition to the merger/acquisition process (St. Paul and Travelers, for example) there have been the high profile failures, like Home and Kemper.