French insurer AXA's CEO has no plans for big mergers
Tuesday, 10 04 2016, Category: Insurance and Reinsurance, Country: Europe
French insurer AXA has no plans to merge with large rivals, its chief executive told a German newspaper, responding to recent speculation about a possible takeover of Italian peer Generali.
"That makes no sense at all," Thomas Buberl told Sueddeutsche Zeitung, adding that taking over large rivals would require too much capital and resources.
Speculation about a merger between the AXA and Generali has re-emerged in recent months.