Consolidation has paused not ended: Goldman Sachs

High valuations and the perceived challenges of large-scale
integration have checked major M&A this year, but the logic of
consolidation in a fragmented industry will reassert itself in
time, according to Goldman Sachs' most senior insurance
investment banker in London.
Paul Miller, head of insurance Emea at the company, told
The Insurance Insider's Pre-Monte
Carlo Rendez-Vous event that "muted activity"
this year reflected the sector's strong share price
performance.
"The low-yield environm