From Artemis:
According to reports in the French media, insurance group Covéa is targeting an acquisition of AXA’s non-life reinsurance operations, which would be the Bermuda headquartered AXA XL Re division.
Reported first by L’Argus de L’Assurance on Friday, any deal would see Thierry Derez’s mutual insurer Covéa finally realising its ambition to acquire a large, global reinsurance operation.Covéa has previously tried to acquire global reinsurance company PartnerRe, but that deal, which had at one stage been approved by all parties, in the end fell through after attempted renegotiations over the price with seller EXOR in the wake of the Covid-19 pandemic failed to find an agreement....
....MUCH MORE
