Insurer AXA to buy Bermuda’s XL Group for around $15b

The AXA Asia Pacific logo sign is seen at its headquarters in Melbourne May 31, 2010. REUTERS/Mick Tsikas

AXA, Europe’s second-biggest insurer, has agreed to buy Bermuda-based XL Group for around $15 billion, in a deal which AXA said would create a world leader in property and casualty insurance.

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