AXA XL completes merger of AXA Corporate Solutions with XL Seguros in Brazil
SAO PAULO - December 02, 2020
AXA XL today announced it has successfully merged AXA Corporate Solutions (ACS) and XL Seguros in Brazil. The merger of legal entities, which is pending final approval by local regulator SUSEP, incorporates XL Seguros Brasil S.A., registered with CNPJ / ME under number 14.448.493 / 0001-31, into AXA Corporate Solutions Seguros S.A., registered with CNPJ / ME under number 33.822.131 / 0001-03 (FIP Code 0669- 6).
Moving forward, AXA Corporate Solutions Seguros S.A. assumes all obligations of XL Seguros Brasil S.A. The decision to combine both entities was taken following the acquisition of XL Group Ltd by AXA, which was completed in September 2018.
Commenting on the announcement, AXA XL’s Country Manager in Brazil, Renato Rodrigues, said: “We are extremely pleased to have completed this process. Consolidating our legal entities across AXA XL allows us to streamline our processes to the benefit of our clients and brokers.”
All existing contracts with XL Seguros Brasil S.A. will remain unaffected as well as all local contacts who will continue to partner with clients and brokers to best serve their risk management needs.
AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.
ABOUT AXA XL INSURANCE
AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.
Brenna Ruiz-GordonCommunications Director - Americas