Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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XL proxy account to turn up heat on Axa’s Buberl

  • Adam McNestrie 17 April 2018
  • Pressure on Axa CEO Thomas Buberl is set to intensify after XL's proxy filing showed the French carrier had bid around $2bn more than the only other indicative offer the Bermudian received.

    Axa's share price was hammered in the wake of the XL agreement, falling by as much as 16 percent in the three weeks after the 5 March deal announcement before regaining some of the lost ground in a strong European equities market.

    The negative re-rating of the stock,...

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