Axa acquires XL Group

AXA has announced the acquisition of its competitor XL Group. The 15.6 billion USD transaction is expected to be finalized in the second half of 2018.

This is the largest acquisition since 2006, when the Swiss insurer Winterthur was acquired, at USD 11.24 billion. This operation should rise the French group to the leadership of non life insurance wordwide.

Headquartered in Bermuda, XL Group has a market capitalization of 11 billion USD. In 2017, the group generated a turnover of 14.75 billion USD.

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