Axa LM has acquired Global Re’s subsidiaries

Axa Liabilities Managers (Axa LM), a specialist in the management and acquisition of companies in liquidation, has taken control of the American, Canadian, Australian and Swiss subsidiaries of Global Reinsurance, a German company placed in run-off in October 2012.
The reinsurer was among the six largest players in the German reinsurance market, with a portfolio mainly made up of non-life risks. Its gross reserves are estimated at 400 million USD.