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Reinsurers eye merger trends at annual Monaco meeting

LONDON/ FRANKFURT, Sept 11- A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week's annual industry meeting in Monte Carlo eyeing who might next become predator or prey. MS&AD's $5.3 billion purchase of Lloyd's of London underwriter Amlin this week is only the latest in a spate of...
Source: Reuters | By: Carolyn Cohn and Jonathan Gould
Lloyd's of London H1 profit drops 28 pct as competition bites

LONDON, Sept 10- The Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. "We are in an intensively competitive environment at the moment because of the attractive returns," chief executive Inga Beale told Reuters by telephone, adding this meant "there has been...
Source: Reuters