Watford completes delayed purchase of France’s Axeria
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Watford completes delayed purchase of France’s Axeria

Anna Sagar
12 April 2021
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Watford_holdings_logo_bermuda_2021.png

Watford has closed a 16-month-old deal to buy French P&C insurer Axeria IARD for an undisclosed amount after disruption related to the Covid-19 pandemic delayed the timeline.

The Bermuda-based (re)insurer has acquired 100% of the capital stock of Axeria from April Group. The company, as of December 2019, had in-force premiums of EUR140mn ($166.5mn)

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