Opinion: Too sunny in Naples?

Word out of theAssociation of Insurance and Financial Analysts (AIFA)
conference in Naples, Florida, last week was that there was an
"undercurrent of ebullience", as one analyst dispatch put
it, because of the full valuation XL Group attracted from acquirer
Axa.
Were things just a little too sunny in Florida?
Certainly there is a case to be made that interesting M&A
times may be in the offing.
The bid for XL provided ballast to the notion that others on...