AXA XL has merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE).
The decision to merge ACS and AXA ART into XLICSE was made following the acquisition of XL Group by AXA, which was completed in late 2018.
This merger was approved by the relevant regulatory authorities including the Central Bank of Ireland and the Irish High Court, effective on 31 December 2019.
Commenting on the announcement, 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.”
He adds: “I am proud of the AXA XL team for their dedication and the work undertaken in the last year, which has led to the successful establishment and unification of AXA XL.”
