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Conyers advises AXA in connection with its US$15.3 billion agreement to acquire XL Group

Conyers advises AXA in connection with an agreement to acquire 100% of Bermuda-based XL Group Ltd (NYSE: XL), a leading global property and casualty commercial lines insurer and reinsurer, for a total consideration of US$15.3 billion, to be fully paid in cash. Completion of the transaction, which was unanimously approved by the boards of AXA and XL Group, is subject to approval by XL Group shareholders and other customary closing conditions, including the receipt of required regulatory approvals, and is expected to take place during the second half of 2018.

Director Chris Garrod and Associate Jacqueline King of Conyers' Bermuda Office advised on the matter.

 


Chris Garrod
Director, Head of Bermuda Blockchain & ICOs Practice

Bermuda   +1 441 299 4923


Jacqueline King
Associate

Bermuda   +1 441 279 5327


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Deals & Transactions

Conyers advises AXA in connection with its US$15.3 billion agreement to acquire XL Group

Conyers advises AXA in connection with an agreement to acquire 100% of Bermuda-based XL Group Ltd (NYSE: XL), a leading global property and casualty commercial lines insurer and reinsurer, for a total consideration of US$15.3 billion, to be fully paid in cash. Completion of the transaction, which was unanimously approved by the boards of AXA and XL Group, is subject to approval by XL Group shareholders and other customary closing conditions, including the receipt of required regulatory approvals, and is expected to take place during the second half of 2018.

Director Chris Garrod and Associate Jacqueline King of Conyers' Bermuda Office advised on the matter.

 


Chris Garrod
Director, Head of Bermuda Blockchain & ICOs Practice

Bermuda   +1 441 299 4923


Jacqueline King
Associate

Bermuda   +1 441 279 5327


 

JURISDICTION(S)

Bermuda


International Office(s)

Bermuda