3 January 2017Insurance

AXA Liabilities Managers acquires run-off portfolio of German insurer

Specialist run-off acquirer and manager, AXA Liabilities Managers has acquired the run-off portfolio of Düsseldorf-based German insurer Provinzial Rheinland. The property/casualty reinsurance portfolio was put into run-off in 1996.

The deal, made through AXA Liabilities Managers’ investment vehicle AXA DBIO which invests in run-off acquisitions, marks AXA’s 16th acquisition and its 10th with a German seller.

Sylvain Villeroy de Galhau, CEO of AXA Liabilities Managers, said: “AXA Liabilities Managers’ successful acquisition strategy keeps on building momentum as proved by the acquisition of a new portfolio on the German market in 2016.

“This deal was won after competing with other run-off players, which confirms AXA Liabilities Managers’ attractiveness for sellers and positions us as a strong competitor in the run-off market.”

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

Significant specialty growth opportunity, but discipline is key: Everest

6 September 2026 Data centers, energy transition and broader infrastructure are strategic growth areas and a significant opportunity for the industry, but one that demands disciplined execution, says Everest.

Insurance

Evaluating damage and charting a path to resilience for wildfires

6 September 2026 Physical damage tells only part of the wildfire story as business interruption, supply-chain disruption and Europe’s protection gap put greater emphasis on resilience and risk financing.

Insurance

MGA ‘bull market’ is running out of steam as capital turns selective

6 September 2026 Capacity providers are becoming more selective as MGAs face tougher collateral terms and tighter support.