AXA XL unveils XL Insurance Company

AXA XL has merged AXA Corporate Solutions and AXA ART into XL Insurance Company, effective on 31st December 2019. The new business is a wholly owned subsidiary within the division. It provides insurance within Europe and Asia and operates through an international network of branches, subsidiaries and third-party partners.

On 31st December 2019, XLICSE assumed the entire business of its two predecessors and became the re/insurer of each policy previously underwritten. The group said there will be no other changes to the terms of existing policies.

AXA XL’s chief executive officer, Greg Hendrick, said: “We are extremely pleased to have completed this merger. Consolidating our legal entities across AXA XL allows us to streamline our processes to the benefit of our clients and brokers.

“I am proud of the division’s team for its dedication and the work undertaken in the last year, which has led to the successful establishment and unification of AXA XL.”

The decision to merge the two businesses into XLICSE was taken following the acquisition of XL Group by AXA, which was completed in September 2018.

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