Investment Summary

AXA Invests In African Reinsurance

On February 20, 2015, AXA invested in insurance company African Reinsurance for 53M EUR

Investment Highlights
  • This is AXA’s 5th transaction in the Insurance sector.
  • This is AXA’s 6th largest (disclosed) transaction.
  • This is AXA’s 2nd transaction in Nigeria.

Investment Summary

Date 2015-02-20
Target African Reinsurance
Sector Insurance
Investor(s) AXA
Deal Type Stake Purchase
Deal Value 53M EUR

Target

African Reinsurance

Lagos, Nigeria
African Reinsurance Corp. is a reinsurance company.

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Investor(S) 1

Investor

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
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. AXA was founded in 1852 and is based in Paris, France.


DEAL STATS #
Overall 5 of 15
Sector (Insurance) 5 of 12
Type (Stake Purchase) 2 of 2
Country (Nigeria) 2 of 2
Year (2015) 1 of 6
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 AXA Mansard

Lagos, Nigeria

AXA Mansard is a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). AXA Mansard products range from Life to Property and Casualty for individuals, commercial solutions for SMEs and corporate organizations. AXA Mansard was founded in 1989 and is based in Lagos, Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 Sul América Companhia Nacional de Seguros

Rio de Janeiro, Brazil

Sul América Companhia Nacional de Seguros is a provider of property and casualty insurance products and services in Brazil.

Buy $45M