AXA XL: “a winning combination” says Thomas BuberlAs AXA is starting its new journey as the world leading commercial insurer, insuring all types of risks for the smallest SME to the largest multinational corporation, Thomas Buberl, CEO of AXA, and Greg Hendrick, CEO of AXA XL, the new division combining XL Group operations, AXA Corporate Solutions, AXA MATRIX and AXA ART, comment this big move forward in AXA’s transformation.
This move is not about cutting costs; quite the opposite actually. Combining our strong presence in the SME segment with XL’s position in the large and upper mid-cap market, we expect strong revenue synergies coming from our businesses’ strong complementarity. We also share a vision of growth, and a common culture around people, risk management and innovation. From a financial perspective, we expect risk diversification and reinforced growth prospects for the future.