AXA acquires aviation reinsurance pool

AXA Liabilities Managers (AXA LM), an AXA business, has acquired the aviation reinsurance pool GERA. The pool was put in run-off in 1998.

AXA LM was formed in 2001 to manage AXA’s run-off business. Through its investment vehicle AXA DBIO, AXA LM took over the shares of the existing 25 pool members.

“This complex transaction involving many counterparts confirmed that, as an acquirer of run-off portfolios, AXA LM is highly attractive. It has contributed to the reinforcement of AXA LM’s positioning in the run-off market and fits our development strategy,” said Sylvain Villeroy de Galhau, head of mergers and acquisitions.