AXA reduces XL cat exposure by 40%


French insurer AXA and XL Group have reduced potential catastrophe impacts by around 40 percent relative to 2017 ahead of the merger of the two entities, according to AXA’s first half 2018 earnings presentation.

AXA is in the process of acquiring XL Group for $15.3 billion (€12.4 billion) in cash.

AXA, XL Group, Catastrophe, M&A, Insurance, Reinsurance, Europe, North America

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