M&As among smaller insurers likely to gather speed: Catlin chief

Posted On: Feb. 12, 2015 12:00 AM CST

Catlin Group Ltd. chief executive Stephen Catlin has said that the number of mergers and acquisitions among smaller insurers is likely to gather speed, reports Bloomberg.

Insurers with market value of less than $5 billion "are going to be scratching their heads as what to do next," said Mr. Catlin. Ireland-based insurer XL Group agreed to buy Catlin Group in January for around £2.8 billion ($4.26 billion).