Top US firms score lead roles on AXA's $15bn acquisition of insurance rival

Paris-based insurance giant's multibillion acquisition of XL Group hands roles to top M&A firms

Skadden Arps Slate Meagher & Flom, Cravath Swaine & Moore and Debevoise & Plimpton have taken the lead roles on AXA’s $15.3bn (£11.1bn) acquisition of insurance rival XL Group.

XL, which is headquartered in Bermuda has about 7,400 employees, specialises in property and casualty insurance.

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