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Consolidation may be ahead for smaller reinsurers: Munich Re finance chief

April 15, 2014 - 6:00am

Joerg Schneider, finance director of Munich Reinsurance Co., told German daily Boersen-Zeitung that consolidation among smaller reinsurers is likely because of pressure from tighter regulation and other factors.

Mr. Schneider said "the pressure to merge tends to be rising," Reuters reported.

He added that "among the larger re-insurers I do not expect mergers."

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