Reinsurance News

AXA

AXA renews mandate of research fund for 5 years

13th January 2023

AXA has announced that it has renewed the mandate of the AXA Research Fund for a further five years, appointing Professor Debra Roberts President of the Scientific Board of the AXA Research Fund. Since its launch in 2007, the AXA Research Fund, one of the largest scientific philanthropy initiatives in the ... Read the full article

Once again, UnitedHealth is the world’s largest insurer ranked by NPW

11th January 2023

Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article

Bernardo Serrano Lopez becomes new CEO of AXA Philippines

20th December 2022

Global insurer AXA has appointed Bernardo Serrano Lopez as new President and Chief Executive Officer of its Philippines business. Serrano Lopez joins AXA Philippines after a nine-year tenure at AXA Colpatria. Based in Colombia he most recently served as CEO of the company, which he built to become the third largest ... Read the full article

Allianz maintains position as largest European non-life insurer

14th December 2022

New data from AM Best shows that Germany’s Allianz continues to hold on to its position as the largest European non-life insurer, based on gross premiums written for 2021. Allianz topped the rating agency’s table of the 30 largest insurers, boasting GWP of €60,273 million, up 4.3% from €57,772 million in ... Read the full article

SCR ratio reduction unlikely to have significant impact: GlobalData

9th November 2022

Solvency capital requirements for UK insurers may be relaxed in the near future following the September 2022 mini budget, but according to GlobalData, findings have shown that leading UK insurers are not coming close to the existing limits. GlobalData stated that as part of the mini-budget, the current Solvency Capital Requirement ... Read the full article

AXA XL Re nat cat reduction continues to offset revenue growth

3rd November 2022

Global insurer AXA has reported that its gross revenues increased by 2% to €78.4 billion over the first nine months of 2022, as strong growth across the company’s commercial and personal lines business was offset by a reduction in natural catastrophe exposure for AXA XL Reinsurance. Overall property and casualty (P&C) ... Read the full article

AXA partners with taxi firms on Internet of Vehicles project

27th October 2022

AXA Hong Kong and Macau have announced a partnership with Chung Shing Taxi and TaxiSafely to launch Hong Kong’s very first Internet of Vehicles (IoV) project collaborated by insurer and taxi company. The collaboration aims to enhance taxi driving safety, and protect taxi drivers, passengers and other road users, through the ... Read the full article

Climate change becomes the number one risk around the world: AXA

26th October 2022

Climate change is becoming the number one concern around the world, according to AXA's Future Risks Report 2022, with geopolitical risks coming in second place. The report also found that the feeling of vulnerability to certain risks has been increasing and confidence has waned. Based on responses from a panel of 4,500 ... Read the full article

AXA eyes growth in Spain with acquisition of GACM España

18th October 2022

AXA Spain, a division of the global insurance group, has entered into exclusive negotiations with Groupe des Assurances du Crédit Mutuel for the potential takeover of Groupe Assurances du Crédit Mutuel España (GACM España), its predominantly P&C and health insurance subsidiary in Spain. AXA is looking to acquire GACM España for a ... Read the full article

AXA XL promotes Gazzard to E&O Product Line Leader, Professional Lines

11th October 2022

AXA XL has promoted Mike Gazzard to the role of Senior Vice President and E&O Product Line Leader of its Bermuda Insurance Professional Lines Team. Within this role he will report to Matthew Irvine, AXA XL’s Bermuda Professional Lines Chief Underwriting Officer. Gazzard, who has been with AXA XL since 2019, previously ... Read the full article

AXA XL Re unveils seven new global product leaders

7th October 2022

AXA XL Re, the reinsurance arm of AXA's property & casualty and specialty risk division, has today announced the appointment of a range of new global product leaders. This includes a new role for Tristan Abend, formerly Head of International Property Treaty, who will now lead International Property at the reinsurer. Greg ... Read the full article

AXA CEO Thomas Buberl: “The world is in a multi-crisis environment”

5th October 2022

AXA CEO Thomas Buberl has drawn attention to the series of crisis the globe finds itself in a recent radio interview in France. Speaking to France Inter, Buberl said that everything must be done in order to avoid recession, no matter the difficulty. He said: "We are immersed in a multi-crisis environment ... Read the full article

Brett Stewart to lead AXA XL loss prevention education programs in NA

29th September 2022

AXA XL Insurance has announced that it has promoted Brett Stewart to Manager of Loss Prevention and Education for AXA XL’s Design Professional insurance business in North America. In a press release, it stated that within this new role, Stewart will lead development of loss prevention and education programs and materials for AXA ... Read the full article

AXA XL appoints leaders for new Group Captives unit

16th September 2022

AXA XL’s Primary Casualty Business has appointed both Mark Benz and Joseph Davina to lead the newly created Group Captives unit. Both Benz and Davina will be based in New York and will report to Chris Kopser - President and CUO Primary Casualty, Americas. Benz takes on the role as Head of Group Captives Primary ... Read the full article

Generali acquires AXA Malaysia joint ventures

2nd September 2022

Italy-headquartered insurer Generali has acquired Axa’s Malaysian operations, in line with Generali strategy to strengthen its leadership position in high potential markets. At the same time AXA also announced the completion of the sale to Generali. In the announcement, AXA revealed it sold 49.99% of its shareholding in AXA Affin General ... Read the full article