PARIS, APRIL 16, 2015
AXA Liabilities Managers acquires the GERA Pool, specialising in aviation reinsurance: a step forward in a clear development strategy
AXA Liabilities Managers (AXA LM) announced the signing of the acquisition of the GERA Pool (European Aviation Reinsurance Group), which came into effect on January 1st, 2015.
The transaction, in which AXA LM took over the shares of the existing 25 pool members, was conducted by AXA LM’s investment vehicle AXA DBIO which invests in run-off portfolios and companies.
The GERA Pool was specialised in aviation reinsurance risks and was put in run-off in 1998.
“This complex transaction involving many counterparts confirmed that, as an acquirer of run-off portfolios, AXA LM is highly attractive. It has contributed to the reinforcement of AXA LM’s positioning in the run-off market and fits our development strategy,” comments Sylvain Villeroy de Galhau, Head of M&A.
Founded in 2001 to manage AXA’s run-off business, AXA LM has just signed its eleventh acquisition on the external market. The company will actively pursue the acquisition of new portfolios, which confirms its ambitious strategy. AXA LM thus reinforces its position as the leader in the Continental European run-off acquisition market.