Axa SA Completes the Sale of MONY Life Insurance Company to Protective Life Insurance Company


Tuesday, 1 Oct 2013 05:30pm EDT 

Axa SA announced that it has completed the sale of MONY Life Insurance Company (MONY) as well as the reinsurance of an in-force book of life insurance policies, written primarily prior to 2004 by MONY's subsidiary MONY Life Insurance Company of America, to Protective Life Insurance Company. The total cash consideration is USD 1.06 billion or approximately EUR 0.79 billion. 

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