Reinsurance News
AXA XL Re
Analysts believe a sale of XL Re could be positive for AXA
28th June 2021
Following news this morning that French, non-life mutual insurer Covéa is exploring a move for the reinsurance business of AXA XL, analysts feel a sale could be positive for AXA and increase its valuation by up to 6%. After failing to acquire SCOR in 2018, and then seeing its agreement to ... Read the full article
Covéa interested in acquiring AXA XL Re: report
28th June 2021
French insurer Covéa has reportedly not given up on its plans to diversify into the reinsurance industry and is looking at the acquisition of AXA Group's non-life reinsurance operations, AXA XL Re. The news comes more than a year after Covéa's acquisition of Bermuda-based reinsurer PartnerRe was called off amid ... Read the full article
AXA XL reorganises reinsurance under new entity
6th April 2021
AXA XL has moved to consolidate its reinsurance operations under the newly-formed AXA XL Re entity, in an effort to more easily bifurcate and evaluate the performance of its insurance and reinsurance business segments. AXA XL Re's business will predominantly consist of renewing reinsurance policies previously underwritten by XL Bermuda Ltd. The ... Read the full article
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