Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 14 pages
Data source: Published sources
Topics:
AXA; Claude Bebear; Mergers & acquisitions (M&A); Equitable; Union des Assurances de Paris (UAP); Consolidation in European insurance; Third insurance directives; European Union (EU); Market value of European insurance companies; 10 largest insurance mergers and acquisitions; Royale Belge; Guardian Royal Exchange; Mutual of New York (MONY); AXA Financial; Henri De Castries
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Abstract
The 1990s were the ''golden era'' for the European insurance industry with major insurance groups clocking average growth rates of up to 30%. One of the salient features of this decade was its consolidation at both intra company and inter company levels. One of the most notable players was AXA Group of France, which metamorphosed from a local insurer into a global financial service giant. This case looks into the reasons behind the consolidation wave in the European insurance industry and highlights the strategies of AXA to grow rapidly through acquisitions.
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Abstract
The 1990s were the ''golden era'' for the European insurance industry with major insurance groups clocking average growth rates of up to 30%. One of the salient features of this decade was its consolidation at both intra company and inter company levels. One of the most notable players was AXA Group of France, which metamorphosed from a local insurer into a global financial service giant. This case looks into the reasons behind the consolidation wave in the European insurance industry and highlights the strategies of AXA to grow rapidly through acquisitions.