P&C-industry M&A deals in 2018 are expected to be very much in line with those seen in the last several years.
Talk about setting the tone for mergers & acquisitions in the P&C market this year.
In a notable move away from financial risks and pivoting toward insurance risks, AXA announced that it is acquiring XL Group Ltd. in a sizable $15.3 billion cash transaction. The deal seizes on a strategic opportunity for AXA to shift its business profile from mostly life & retirement business to predominantly P&C business, and positions XL Group as the No. 1 global P&C commercial-lines insurer based on gross written premiums.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
