French media says Stone Point in frame for Axa Re purchase
French business daily Les Echos has said that it believes specialist (re)insurance private equity group Stone Point Capital is close to doing a deal to buy the active units of French reinsurer Axa Re from its parent, global insurer, Axa.
The newspaper said the deal could be announced this week and that a transaction was likely to exclude any Axa Re business in run-off. Axa Re has long been the subject of bid speculation and was most
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