AXA XL wraps up merger of key business

The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and took effect on December 31, 2019. At this time, XLICSE assumed the businesses of ACS and AXA ART, becoming the insurer or reinsurer of each policy previously underwritten.

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