Japanese insurers paying high price for M&A: Official

Tsuyoshi Nagano, president of Tokio Marine Holdings Inc., said that Japanese insurers have been paying high prices in overseas acquisitions, and hence asset sellers in Asia expect them to pay high prices as well, Reuters reported.

"In Asia, it has been widely established that Japanese companies are ready to pay high prices and sellers expect that when dealing with us," said Mr. Nagano.

Tokio Marine is looking for acquisition prospects across global markets, said Mr. Nagano.

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