AXA completes $15.3bn deal for XL

Thomas Buberl

AXA has completed its acquisition of XL Group for $15.3bn. Fitch has upgraded the ratings of XLIT Ltd – a Cayman Islands subsidiary of XL Group – and its P&C (re)insurance subsidiaries, following completion of the deal. The huge takeover, first announced in March, completed following fulfilment of closing conditions, including approval by XL Group shareholders and obtaining all necessary…

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