XL proxy account to turn up heat on Axa's Buberl

Pressure on Axa CEO Thomas Buberl is set to intensify after
XL's proxy filing showed the French carrier had bid around $2bn
more than the only other indicative offer the Bermudian
received.
Axa's share price was hammered in the wake of the XL
agreement, falling by as much as 16 percent in the three weeks
after the 5 March deal announcement before regaining some of the
lost ground in a strong European equities market.
The negative re-rating of the stock,...