M&A Deal Summary

Resolution Acquires AXA UK Life Business

On June 24, 2010, Resolution Ltd. acquired insurance company AXA UK Life Business from AXA SA for 4.1B USD

Acquisition Highlights
  • This is Resolution’s 5th transaction in the Insurance sector.
  • This is Resolution’s 2nd largest (disclosed) transaction.
  • This is Resolution’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2010-06-24
Target AXA UK Life Business
Sector Insurance
Buyer(s) Resolution Ltd.
Sellers(s) AXA SA
Deal Type Divestiture
Deal Value 4.1B USD

Target

AXA UK Life Business

United Kingdom
AXA UK Life Business includes UK-based traditional life and pensions businesses, its IFA protection and corporate pension businesses, and its annuity businesses.

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Buyer(S) 1

Buyer

Resolution Ltd.

London, United Kingdom

website


Category Company
Founded 2004
SectorFinancial Services
Employees40
DESCRIPTION

The Resolution Group is a privately-owned investment firm that has deep experience across financial services with a primary role as a sponsor of life insurance consolidation projects. Partners with public and private market investors. Focuses on risk management, cash flow and consolidation benefits.


DEAL STATS #
Overall 5 of 6
Sector (Insurance) 5 of 6
Type (Divestiture) 4 of 5
Country (United Kingdom) 5 of 6
Year (2010) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Abbey Life Assurance Co.

Bournemouth, United Kingdom

Abbey Life Assurance Co. is a provider of long-term life insurance services and products in the United Kingdom.

Buy $6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 BUPA Health Assurance Ltd.

United Kingdom

BUPA Health Assurance Ltd. is a provider of health and care to over 29 million customers in more than 190 countries and brings local expertise and service excellence in healthcare and insurance.

Buy $1.4B

Seller(S) 1

SELLER

AXA SA

Paris, France

website


Category Company
Founded 1852
SectorInsurance
Employees110,278
Revenue 102.6B EUR (2020)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. was founded in 1852 and is headquartered in Paris, France.


DEAL STATS #
Overall 3 of 14
Sector (Insurance) 3 of 13
Type (Divestiture) 3 of 13
Country (United Kingdom) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Winterthur U.S. Holdings, Inc.

Sun Prairie,, Wisconsin, United States

Winterthur U.S. Holdings, Inc. is a provider of property and casualty insurance services.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Taikang Life Insurance Co. Ltd.

Beijing, China

Taikang Life Insurance Co. Ltd. is a financial insurance service group covering insurance, asset management, and medical care. Taikang Life Insurance Co. Ltd. was founded in 1996 and is based in Beijing, China.

Sell -