AXA is in talks with Groupe Assurances du Crédit Mutuel España (GACM España) to acquire the P&C and health insurer. All deals are subject to the standard regulatory procedures as well as having to meet closing conditions.

Olga Sánchez thinks this will improve AXA’s standing in Spain and is working to ensure a smooth transition for both workers and policyholders.

“This transaction reflects our disciplined approach towards M&A (mergers and acquisitions) in line with our strategy, enhancing our scale in one of our core European markets, with a focus on technical lines,” said Frédéric de Courtois, Deputy CEO at AXA.

Source: https://www.insurancebusinessmag.com/uk/news/ma/axa-confirms-exclusive-talks-for-overseas-deal-424398.aspx

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