Frothy prices could cause M&A pause: Farber

Rich multiples are posing a valuation challenge for potential
acquirers when it comes to sizing up targets in the insurance
sector, The Hanover Insurance Group CFO Jeffrey Farber said
yesterday.
Speaking on a panel on M&A and financing at The
Insurance Insider's Insider US conference in New
York, Farber noted that it would be "hard to squeeze enough
[cost]" to make some of the multiples of existing takeovers
work.
His comments followed remarks from Ryan Specialty CEO Pat Ryan,
who...