Advertise here, Reinsurance News


Reinsurance News


Insurtech Lemonade launches in Germany, with reinsurance from AXA

11th June 2019

Insurance technology start-up Lemonade has taken its first steps in the European market with the launch of a new policy in Europe, backed by a reinsurance arrangement with AXA Germany. Germany is the first country to offer Lemonade’s Policy 2.0, which is designed to offer consumers contents and liability insurance instantly ... Read the full article

AXA further reduces stake in U.S. life business

5th June 2019

Global re/insurer AXA has further reduced its stake in its US life insurance business, AXA Equitable Holdings (EQH), with the sale of 40 million shares to Morgan Stanley and Barclays. AXA has also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of EQH’s common stock. Read the full article

AXA unveils rebranding of parametric insurance unit to AXA Climate

16th May 2019

Global re/insurer AXA has rebranded its specialist parametric risk transfer division from AXA Global Parametrics to AXA Climate, and has also announced a number of new additions to its team. Initially launched in 2017, the rebranded AXA Climate unit looks to provide clients with parametric risk transfer solutions for climate and ... Read the full article

AXA XL’s Q1 revenue growth offset by 2% reinsurance drop

3rd May 2019

AXA XL has reported total revenue growth of 7% for the first quarter of 2019, driven by 16% growth for P&C insurance and 4% growth for specialty, but offset by a 2% decline for reinsurance. Total revenue rose to €6.1 billion, made up of €2.9 billion from P&C insurance, €1.4 billion ... Read the full article

SCOR & AXA commit to more coal exclusions

26th April 2019

French re/insurers SCOR and AXA have both committed to strengthening their coal exclusion policies in an effort to limit the effects of climate change, according to environmental campaigners at Unfriend Coal. A representative from the activist group questioned the companies at their annual general meetings this week, who both claimed to ... Read the full article

AXA to further reduce earnings volatility with increased use of reinsurance: Analysts

2nd April 2019

Following its acquisition of XL Group last year, global insurer AXA has been de-risking its catastrophe exposure, a trend that J.P. Morgan analysts expect to continue in 2019, with the help of alternative reinsurance capital. During last year, AXA and XL Group ceded increased volumes of catastrophe exposure to reinsurance and ... Read the full article

Gilles Moëc to join AXA as Group Chief Economist

28th March 2019

AXA has announced that Gilles Moëc is to join from Bank of America Merrill Lynch as its new Group Chief Economist, effective June 3rd, 2019. Currently the Chief European Economist of Bank of America Merrill Lynch, Moëc's new position will see him report to the Chief Executive Officer (CEO) of AXA Investment ... Read the full article

AXA raises $1.5bn by reducing stake in US life insurance business

27th March 2019

AXA S.A. (AXA) has successfully offloaded 76 million shares of its US life insurance business AXA Equitable Holdings (EQH), decreasing its ownership from 60.1% to 48.3% and raising $1.5 billion in net proceeds. The sale consisted of a secondary public offering of 40 million shares - at a public offering price ... Read the full article

AXA unit eyes blockchain for faster, more secure job loss policy payments

18th March 2019

AXA Partners, a unit of global insurer AXA, is teaming up with the Swedish government’s Public Employment Service and the startup Stratumn on a blockchain-based solution aimed at accelerating and simplifying the payment of job loss policies. AXA Partners says the solution will significantly shorten the claim process duration, remove administrative ... Read the full article

AXA saves nearly $200mn on reinsurance costs with 2019 integrated program

22nd February 2019

Global insurer AXA has outlined its restructured, integrated reinsurance program for 2019, the placement of which resulted in a cost saving of almost $200 million, according to AXA Group's Chief Risk Officer (CRO), Alban de Mailly Nesle. The firm announced previously that it expected the placement of its 2019 integrated reinsurance ... Read the full article

Costly natural disasters see AXA XL slump to €233m full year loss

21st February 2019

AXA XL, the newly-formed division of French insurance and investment giant AXA, has seen significant impacts from two major natural catastrophes in the fourth quarter of 2018 result in the posting of a €233 million full year loss. The California wildfires, which consisted mainly of the Camp and Woolsey fires in Northern ... Read the full article

AXA targets China’s travel insurance market using WeChat app

6th February 2019

AXA is targeting the lucrative travel insurance market in China with a new offering that is integrated directly into the WeChat mobile app. More than one billion users in China alone use WeChat to access instant messaging and manage e-commerce services, making it the most popular app in the country. AXA plans ... Read the full article

AXA’s Jad Ariss named Secretary General of The Geneva Association

1st February 2019

The Geneva Association, a leading international insurance industry think tank, has appointed Jad Ariss Secretary General, effective 1 March. Ariss joins The Geneva Association after a distinguished and diverse career of which his multiple senior positions at AXA are a centrepiece. Ariss joined AXA in 1995 as Chief Financial Officer of AXA ... Read the full article

AXA Venture Partners raises $150m for early stage insurtech investments

23rd January 2019

AXA Venture Partners (AVP), the venture capital arm of French insurer AXA, has raised $150 million for its second early stage fund, AVP Early Stage II. Similar to AVP’s first early stage fund, which was completed back in 2015 and raised $110 million, AVP Early Stage II will focus on North America, ... Read the full article

Shali Vasudeva to leave Hiscox for AXA UK COO role

22nd January 2019

Shali Vasudeva is set to join AXA UK and Ireland from insurer Hiscox as Chief Operating Officer (COO), a newly created position, effective March 1st, 2019. The appointment remains subject to regulatory approval, and will see Vasudeva deliver more robust operational stability across the firm, as well as lead a Transformation ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.