AXA has confirmed that it has signed an agreement to cede the business of AXA RE to Paris Re Holdings.
The announcement follows the receipt of a binding offer on 6 April 2006 and consultation with the relevant workers' councils.
Paris Re Holdings is a newly-created company sponsored by a consortium of international investors led by Trident III, LP, a fund managed by Stone Point Capital LLC, and in which AXA would take participation between 5% and 10%
