Axa to book EUR1bn gain in event of EUR4bn-EUR5bn Axa XL Re sale: Berenberg
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Axa to book EUR1bn gain in event of EUR4bn-EUR5bn Axa XL Re sale: Berenberg

Marcel Le Gouais
28 June 2021
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Covea’s reported interest in acquiring the reinsurance operations of Axa XL could see a gain of up to EUR1bn ($1.2bn) for parent company Axa, if it reaches a sale price of a potential EUR4bn-EUR5bn, according to Berenberg analysts.

It was first reported late on Friday that the French mutual was considering the move, and is being advised by the investment bank Rothschild & Cie.

Berenberg

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NewsAxa XLGlobal insurersM&A
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Marcel Le Gouais
Deputy Editor
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