AXA must mop up operation in Brazil after Union with XL

The French Axa should reduce the amount of companies has in Brazil, after the final endorsement of the private insurance Superintendency (Susep) for the purchase of American rival XL in a global transaction of $ $15.3 billion. The path is natural. Even that doesn't make much sense to keep two insurers and 2 reinsurers in the Brazilian market. Is not defined, but which brand will be maintained, if Axa or XL. The logic that the buyer's name remains fell apart in acquisition of Chubb Seguros by Ace. That's because the mark of the competitor was stronger. In the case of Axa and XL, however, in addition to greater, the French have more presence. One possibility is to use Axa XL, as occurs abroad and was implemented in some corporate e-mails in Brazil. Again. In Brazil, the acquisition of XL by Axa pushed the company to some R $1.5 billion in written premiums, strengthening the role of the group, which makes a second offensive in the local market. Sought, the Axa did not comment.