Reinsurers must therefore achieve economies of scale, especially now that they are facing an increase in fixed costs induced by changes in regulations and technology.
As of January 2015, a series of medium-size players, mainly Bermudan ones, have been interested by acquisitions. The Irish group XL was the first to announce a takeover plan with Catlin.
The main operation is the one regarding the possible merger of Axis Capital and Partner Re.