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Taoufik Gharib, an analyst at Standard & Poor's Corp., has said that merger and acquisition activity in the reinsurance space is likely to "continue for the rest of 2015 and into 2016 as the remaining small and midsize reinsurers race to find consolidation partners," reported Artemis.bm.
"We believe competitive pressures will remain elevated in reinsurance for the next 12-24 months, and we don't see the recent spate of consolidation as a panacea to alleviate that burden," Mr. Gharib said.