Axa-XL deal puts both insurers' ratings under review
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Axa is set to acquire 100% of XL Group in a deal valued at $15.3bn (£11.1bn), funded by the listing of Axa’s US life business, cash & debt.
The acquisition will create the largest global property and
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