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Global reinsurance officials have questioned whether the recent wave of mergers in Europe has forced recent buyers of Lloyd's of London insurers to pay too much, Bloomberg reported.
Willis Re executives said that M&As would continue following the recent takeover of Lloyd's insurer Amlin P.L.C. by Japan's MS&AD Insurance Group Holdings Inc. "The multiples being paid are quite expensive," said Hannover Re S.E. chief executive Ulrich Wallin.