On March 5, 2018, AXA announced that it has entered into an agreement to acquire 100% of XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer, for a total consideration of 15.3 billion, to be fully paid in cash. Cravath is representing AXA in connection with the transaction.

The Cravath team is led by partners Richard Hall, George A. Stephanakis and Erik R. Tavzel and includes associates Andrew M. Wark, Erim E. Tuc, Said Bakir and James Ding on M&A matters; partner Eric W. Hilfers and associates Matthew Cantor, Jana I. Hymowitz and Alison E. Beskin on executive compensation and benefits matters; partners Stephen L. Gordon and Kara L. Mungovan, associate Andrew T. Davis and foreign associate attorney Jean-Baptiste Frantz on tax matters; partner David J. Kappos and associates Miling Y. Harrington and Jessica M. Goodman on intellectual property matters; partner Michael S. Goldman and senior attorney Sarah F. Rosen on financing matters; partner John D. Buretta and associate Megan Y. Lew on compliance matters; and senior attorney Jesse M. Weiss on antitrust matters.