Axa approached a number of reinsurers before agreeing its $15.3bn acquisition of XL to sound out their interest in doing a back-to-back transaction to buy XL Re, The Insurance Insider can reveal.
Axa explored XL Re spin-off ahead of $15bn deal

Axa approached a number of reinsurers before agreeing its $15.3bn acquisition of XL to sound out their interest in doing a back-to-back transaction to buy XL Re, The Insurance Insider can reveal.