The business world is watching the insurance industry.

Mega deals and IPOs are shaking up the global insurance industry in 2018, according to Forbes.

In the first quarter of 2018, France's AXA announced plans acquire Bermuda-based XL Group for $15.4 billion, while U.S.-headquartered AIG announced plans to acquire Bermuda-based reinsurer Validus for $5.6 billion.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].