AXA and XL Group announced the branding of their combined operations

AXA and XL Group have revealed the branding and structure of their future combined operations, to be known as AXA XL, following AXA's acquisition of XL Group on March 5th, 2018.

Thus, the new AXA XL division will operate under the master brand of AXA and will be dedicated to large P&C commercial lines and specialty risks and will combine XL Group operations with AXA Corporate Solutions and AXA Art.

According to the statement, its offerings will be identified along three main lines:

  • XL Insurance - which will comprise XL Group's insurance business and AXA Corporate Solutions; and will include XL Art & Lifestyle, the combination of XL Group's Fine Art and Specie business and AXA Art offerings;
  • XL Reinsurance - that will incorporate XL Group's reinsurance business;
  • XL Risk Consulting - that will incorporate AXA Matrix and XL Group's Property Risk Engineering GAPS.
In addition, XL Group's primary Lloyd's syndicate will continue to be known as XL Catlin Syndicate 2003.

This new branding and naming follows the announcement on June 6th that XL Group's shareholders had approved the agreement for AXA to acquire 100% of XL Group.

The closing of the acquisition is expected to be completed during the second half of 2018, subject to customary closing conditions, including the receipt of required regulatory approvals, which remain pending. Until the acquisition closes, XL Group and AXA remain two separate companies.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

AXA leaves the Ukrainian insurance market

AXA announced on 23 October it had entered into an agreement with Fairfax Financial Holdings Limited, through its subsidiary FFHL Group Ltd., ("Fairfax") to sell all its insurance operations in Ukraine and exit the Ukrainian market.

2018-10-23

US antitrust approval granted for MMC's acquisition of JLT Group

Marsh & McLennan Companies (MMC) and Jardine Lloyd Thompson Group (JLT) have confirmed that October 10 the Federal Trade Commission (FTC) granted early termination for the waiting period under the Hart-Scott-Rodino Act, with respect to MMC's previously announced acquisition of JLT.

2018-10-18

Mark WILSON steps down as CEO of AVIVA

AVIVA announced Mark WILSON and the Board have agreed that Mark is stepping down as CEO of the group. "Mark will remain with the group until April 2019 and will assist with the planned and orderly transition".

2018-10-11

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

HOEPKE, Munich Re: I expect at least a stable renewal round in 2019

After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.

22.10.2018

photodune-3834701-laughing-girl-xs

Five new XPRIMM insurance reports on the Baden Baden stands

Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

21.10.2018

See all