Brokers upbeat for growth after “massive” XL and Axa deal
Market pleased that XL has “gone to a good home” and confident of new opportunities.
Brokers have unanimously backed Axa’s planned $15.3bn (£11.1bn) cash buy out of XL Group.
The insurer surprised the market by swooping in to strike the deal after XL had been persistently linked with Allianz.
All agreed that the purchase should lead to many growth benefits. Brokers highlighted that since the two providers focus on different classes of business the new whole should have broader capabilities.
Stuart Williams, branch director at County Group, pinpointed stability in SME and
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