Mergers and Acquisitions
In the second quarter of 2018, the global mergers and acquisitions (M&A) market recorded its worst performance since the launch of the Quarterly Deal Performance Monitor by Willis Towers Watson in 2008. So far, the overall M&A volume remains on track to beat the post-crisis high of 2015.
XL Group recently shared new details surrounding plans affecting XL Catlin and AXA leadership. Full details of the proposed leadership team will not be available until after the AXA-XL deal closes in the second half of 2018. As reported in March 2018, AXA will acquire 100 percent of XL Group Ltd.
Sedgwick has finalized the purchase of Cunningham Lindsey and its subsidiaries, bringing the company 6,000 additional Cunningham Lindsey colleagues located in 65 countries. The combined enterprise includes the subsidiaries of Sedgwick, Vericlaim, and Cunningham Lindsey and will operate globally under the Sedgwick name.
Captive.com Editor John Foehl takes a look at the mergers and acquisitions environment and whether there is any role for captive insurers. Should captive markets consider mergers and acquisitions?
AXA is set to acquire 100 percent of XL Group Ltd., for a total consideration of $15.3 billion. The transaction is expected to be completed in the second half of 2018. This transaction will enable the Group to become the number one global property and casualty (P&C) commercial lines insurer based on gross written premiums.