Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018
Axa-XL talk highlights upbeat AIFA conference
- 13 March 2018
Analysts attending the Association of Insurance and Financial Analysts (AIFA) conference in Naples, Florida, last week came away with a sense that (re)insurers see more M&A in the offing given the rich price Axa agreed for XL Group and the need for increased scale.
"Overall, the 2018 AIFA conference included an undercurrent of ebullience, which KBW analysts attribute to the very full valuation in Axa's announced acquisition of XL," wrote Keefe, Bruyette & Woods analyst Meyer Shields.
Others noted an...
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