P&C-industry M&A dealsin 2018 are expected to be very much in line with those seen in thelast several years.
Talk about setting the tone for mergers & acquisitions inthe P&C market this year.
In a notable move away from financial risks and pivoting towardinsurance risks, AXA announced that it is acquiring XL Group Ltd. in a sizable $15.3 billion cashtransaction. The deal seizes on a strategic opportunity for AXA toshift its business profile from mostly life & retirementbusiness to predominantly P&C business, and positions XL Groupas the No. 1 global P&C commercial-lines insurer based on grosswritten premiums.
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