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Axa acquires Munich Re Malaysia's nonlife portfolio


France-based run-off specialist Axa Liabilities Managers SAS has acquired the nonlife portfolio of Munich Reinsurance Co.'s Malaysian arm, Asia Insurance Review reports. Axa LM made the acquisition via its Axa DBIO II fund, which invests in run-off portfolios and companies. The portfolio transfer will become effective on Oct. 1.

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