The best replacement for olympus xz-2 is panasonic lx7.

The best alternatives to olympus xz-2 are rated as following:
★★★★★  panasonic lx7
★★★★  pentax mx-1
★★★  fuji x20
★★★  canon g16
★★  canon g15
★★  nikon p330
★★  canon s110
★  samsung ex2f
★  lumix lx7
★  nikon p7700
★  fujifilm x10
★  panasonic lumix lx7
  fuji xf1

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olympus xz-2
panasonic lx7
pentax mx-1