AXA LM acquires a stake in Emirates Re

AXA Liabilities Managers, a run-off management company, has purchased 92.68% of Emirates Retakaful (Emirates Re). The transaction has been approved by Dubai's financial authorities.

The reserves acquired by AXA amount to 69 million USD, mainly comprised of underwritings in North Africa and the Middle East.

This is the second transaction carried out by AXA after the recent acquisition of the German reinsurer Gothaer Re.

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