OREANDA-NEWS. May 27, 2015. AXA announced today it has entered into an agreement with SulAm?rica S.A. to acquire 100% of its Large Industrial and Commercial risks insurance subsidiary, SulAmerica Companhia de Seguros Gerais, for a total consideration of BRL 135 million (or Euro 40 million).

The scope of the transaction includes Marine Hull, Marine Cargo and Property.

AXA expects to include the acquired operations within AXA Corporate Solutions Brazil and Latin America ("AXA CS Brazil").