AXA at risk of downgrade post XL acquisition
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iStock/ Oko_SwanOmurphy
Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA.
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Fitch Ratings, XL Group, AXA, Acquisition, M&A, Mike McGavick, Greg Hendrick, Insurance, Reinsurance, Property, Casualty, Speciality, Rating, Outlook
