The combination of AXA’s and XL Group’s existing position will propel the Group to the number one global position in P&C commercial lines with combined 2016 revenues of 30 billion euros and total P&C revenues of 48 billion euros.Sources in Paris said, reinsurance branches of both the companies will be merged in India

Buying XL, which sells insurance to other insurers, would bolster Axa’s casualty coverage business in the U.S., and mark the biggest insurance deal since 2015, according to Bloomberg data. Such firms have become ripe takeover targets as policy prices begin to increase after firms booked heavy losses last year due to a spate of natural disasters.

Equifax carried cyber liability coverage, which market sources say was led by London-based Beazley P.L.C. Total costs of the breach, which compromised sensitive data of more than 147 million consumers, could be“well over $600 million,” after including costs to resolve government investigations into the incident and civil lawsuits against the firm,

“Willis Towers Watson Aerospace Cyber Guard is part of our integrated approach to advising companies on how to manage their cyber risks, operate more confidently in this unchartered territory and ultimately protect their brand,” said Jason Saunders, president, Willis Towers Watson Aerospace, North America.

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China’s insurance industry has come under the microscope over the past year or so for risky behavior, ranging from term-mismatches on insurance products and highly leveraged overseas acquisitions, as well as corrupt practices.