Reinsurance News


AXA Climate and Howden partner on flood resilience project for Togo

6th December 2023

AXA Climate, part of global insurer AXA Group, London-based broker Howden, and Togo-based non-governmental organisation Pionniers en Action pour le Développement Intégré à l’Environnement (PADIE), will be implementing the project for Togo’s fourth-largest city, Kloto 1, and key flood hot spots in the capital city Lomé – Golfe 1 and ... Read the full article

Shanghai’s reinsurance trading platform signs first inwards deal

9th November 2023

The Shanghai Insurance Exchange’s international reinsurance trading platform, which was launched last month, recently signed its first inward business agreement at the sixth China International Import Expo. AXA Hong Kong Property & Casualty Insurance was the original insurer, while AXA Tianping Property & Casualty Insurance served as the reinsurer. The trade ... Read the full article

AXA grows P&C business, but cuts property cat reinsurance exposure

3rd November 2023

French insurer AXA has reported 7% growth in gross written premiums (GWP) & other revenues to €41.8 billion for 9M 2023 within its property and casualty (P&C) business, as growth in commercial and personal lines more than offset a year-on-year decline at AXA XL Reinsurance. Commercial lines premiums rose 9% to ... Read the full article

AXA completes acquisition of Corebridge Financial’s Laya Healthcare

1st November 2023

Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has completed the sale of Laya Healthcare Limited to a subsidiary of AXA. The sale was previously announced back in August 2023. It was stated that AXA would acquire Laya Healthcare for a total ... Read the full article

Trust in insurers is growing in a world in polycrisis: AXA

1st November 2023

Risks associated with artificial intelligence (AI), cybersecurity and global warming are among the main concerns for the general population; however, trust in various players, like insurers and scientists, to limit the consequences of new global crises is growing, according to a recent AXA report. The tenth edition of its Future Risks ... Read the full article

AXA XL & AXA Research Fund join CCRS to help mitigate system risks

24th October 2023

Both AXA XL and the AXA Research Fund have joined a research hub created by the Cambridge Centre for Risk Studies (CCRS) to help mitigate systemic risks like climate change, pandemics, cyber threats, geopolitical change and financial crisis. According to the announcement, the Cambridge Systemic Risks Hub has a particular focus ... Read the full article

AXA to acquire Corebridge Financial’s Laya Healthcare for €650m

3rd August 2023

Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (Laya Healthcare), to AXA for a total consideration of €650 million in cash. According to the announcement, the sale is expected to ... Read the full article

AXA XL’s combined ratio strengthens to 90.9% in H1 2023 as premiums rise

3rd August 2023

French insurer AXA has today announced a year-on-year rise in total gross written premiums (GWP) and other revenues of 2% to €55.7 billion for the first half of 2023, driven by 7% growth at AXA XL, its property and casualty (P&C) and specialty division. Across AXA XL, GWP and other revenues ... Read the full article

AXA deploys secure generative AI to employees

28th July 2023

AXA, a worldwide leader within insurance and asset management, has announced the deployment of AXA Secure GPT- an internal service built on Microsoft’s Azure OpenAI Service. AXA's in-house team developed AXA Secure GPT within three months, leveraging the firm's collaboration with Microsoft. The new system allows AXA employees to have access to ... Read the full article

AXA acquires Groupe Assurances du Crédit Mutuel España

13th July 2023

Global insurer AXA has announced the completion of the acquisition of Groupe Assurances du Crédit Mutuel España (GACM España). GACM España is a predominantly P&C and health insurance subsidiary in Spain. Under the terms of the transaction, AXA has acquired GACM España for a total cash consideration of €310 million, in line ... Read the full article

AXA reportedly considering sale of reinsurance arm

12th July 2023

French insurer AXA is reportedly considering the sale of reinsurance division, AXA XL Re, in an effort to lower its exposure to natural disasters, reports Reuters. According to people familiar with the matter, the large insurer is discussing strategic options for the reinsurance arm which sits under AXA XL, including a ... Read the full article

AXA announces new decarbonisation targets

30th June 2023

AXA has revealed its targets to drive the decarbonisation of various P&C insurance portfolios, with the firm stating it will reduce the absolute carbon emissions of its largest commercial insurance clients by 30% by 2030. AXA's targets also include increasing its business in the field of renewable energies, and more broadly ... Read the full article

AXA and Capco partner on climate-related risk management and reporting solution

9th June 2023

AXA Hong Kong and Macau, part of global insurance group AXA, has entered into a strategic partnership with technology and management consultancy firm, Capco, to enhance data-driven climate risk assessment and reporting. The new collaboration brings together AXA's proprietary climate risk models with Capco's climate consulting expertise for risk assessment, in ... Read the full article

Europ Assistance expands in Asia-Pacific with AXA Partners acquisition

8th June 2023

Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion. The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malaysia, Taiwan, and Thailand. This includes AAN and AAI Hub in Malaysia, AXA Assistance Japan, IPA Thailand, IPA ... Read the full article

AXA announces shifts in its Management Committee for 2024

7th June 2023

French insurer AXA Group has announced evolutions within its Management Committee for the launch of its next strategic plan, which will be presented during the first quarter of 2024. This comes with an overhaul of the Management Committee with new appointments that have taken place. The committee will be reporting ... Read the full article