AXA raises $3.2bn from pre-IPO restructuring to finance XL acquisition
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AXA significantly outbid competitors in $15.3bn XL takeover
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As it prepares to be taken over by AXA, Bermuda-based XL Group posted stable profits in the first quarter of 2018 while also enjoying solid growth in gross written premiums driven by rate increases.
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XL Group, Results, Insurance, Reinsurance, Mike McGavick, Bermuda, North America
