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AXA buys XL for $15 bln in latest insurance mega-deal

Monday, March 05, 2018 - 01:20

France's AXA has moved to buy Bermuda-based XL Group for $15.3 billion to create what it said would be a world leader in property and casualty insurance. As Laura Frykberg reports, Europe's second-biggest insurer offered $57.60 for each XL share, a 33 percent premium to Friday's closing price.

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France's AXA has moved to buy Bermuda-based XL Group for $15.3 billion to create what it said would be a world leader in property and casualty insurance. As Laura Frykberg reports, Europe's second-biggest insurer offered $57.60 for each XL share, a 33 percent premium to Friday's closing price.

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AXA buys XL for $15 bln in latest insurance mega-deal

Monday, March 05, 2018 - 01:20