Opinion: Buberl's Age of Reason

Axa's recently installed CEO, Thomas Buberl, has distanced
himself from the pursuit of big-ticket M&A in favour of a more
nuanced approach.
Hosting his first full-year press conference since replacing
Henri de Castries at the helm in September, Buberl ruled out
"small acquisitions and very large acquisitions" in
response to questioning about the company's interest in
Generali.
Predecessor de Castries gave serious thought last year to buying
Generali, a EUR22bn ($23.2bn) market cap insurer, i