XL Group acquired for $15.3B

XL Group, which has a major presence in Hartford and Stamford, has agreed to be acquired by a French multinational insurance firm for $15.3 billion. The Bermuda-based insurer, operating under the XL Catlin insurance brand, announced Wednesday that its shareholders recently agreed to be acquired by AXA in a full cash exchange. In March, XL Catlin, a subsidiary of XL Group, renewed its naming rights for downtown Hartford’s XL Center for at least five more years.


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