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A newly created part of the company, titled AXA XL, will be managed under AXA and will comprise XL Group operations, AXA Corporate solutions and AXA Art. The new division, XL Art and Lifestyle, is a combination of XL’s Fine Art and Specie business and AXA Art offerings.

AXA CEO Thomas Buberl said the new division is “based on AXA’s and XL Group’s shared culture around people, operational excellence and innovation”.

Last month XL shareholders approved the sale of the company to AXA. The deal is expected to close in the second half of the year.  

Existing products from XL and AXA provide specialist fine art insurance for galleries, museums and specialist collections.