Axa shares have gained 1.3% in Paris so far this year, valuing the company at €61 billion ($75 billion). Photo: ReutersNew York/London: Axa SA is in advanced talks to buy XL Group Ltd, a property and casualty insurer with a market value of $11 billion, people familiar with the matter said. Representatives for XL Group and Axa didn’t respond to several requests for comment. XL shares have advanced 23% this year in New York, giving the Hamilton, Bermuda-based company a market value of about $11 billion. AXA has gained 1.3% in Paris so far this year, valuing the company at €61 billion ($75 billion).

Source: Mint March 04, 2018 12:33 UTC