Covéa might acquire AXA XL Re, AXA's Bermuda-based property and casualty reinsurance subsidiary. The investment bank Rothschild is to join the mutual group in the operation.
The value of the reinsurance entity is believed to range between 4 and 5 billion USD. No comment has been made by the two French groups.
Read also | Top 10 reinsurers [4]
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