Reinsurance News
AXA
AXA is a large, global insurance and reinsurance group headquartered in France.
The company has a long history in the insurance and reinsurance sector, providing a wide range of coverages, from personal lines through complex risks and reinsurance protection.
Read all of our AXA insurance and reinsurance news below.
AXA to target environmentally positive & inclusive insurance
30th April 2021
Global insurer AXA has launched a progress index to measure its implementation of several new climate and inclusivity targets. On the insurance side, these include strengthening the share of insurance products with a positive impact on the environment, through the guarantees or services offered, as well as the promotion of inclusive ... Read the full article
AXA partners with Microsoft to build digital healthcare platform
14th April 2021
Global insurer AXA is collaborating with Microsoft to build a digital healthcare platform, which will allow virtual healthcare to all AXA customers. The new platform will rely on the extensive portfolio of technology in the Microsoft Cloud for Healthcare, including Azure API for FHIR (Fast Healthcare Interoperability Resources), that enables patient ... Read the full article
Jef Van In appointed AXA Next CEO and Group Chief Innovation Officer
12th April 2021
Global insurer AXA has announced the appointment of Jef Van In as Chief Executive Officer (CEO) of AXA Next Group and Group Chief Innovation Officer (CIO), effective July 1st, 2021. In his new role, Van In will report to Antimo Perretta, CEO of AXA Europe and a Member of the company's ... Read the full article
AXA issues €1bn of green bonds
7th April 2021
Global insurer AXA has successfully placed €1 billion of subordinated green bonds, which will be issued under AXA Group’s newly established Sustainability Bond Framework. This first green subordinated bond issuance to institutional investors is due 2041 and the initial fixed coupon has been set at 1.375% per annum. AXA reported that investor ... Read the full article
AXA announces several key senior leadership changes globally
25th March 2021
Global insurer AXA has announced key changes to its senior leadership team as the company looks to successfully execute the strategic plan presented in December last year. With Driving Progress 2023 it’s hoped AXA’s renewed leadership team and simpler organisation will accelerate the execution of its strategic priorities and to consolidate ... Read the full article
Major re/insurance players commit $2mn to Oasis Loss Modelling Framework
23rd March 2021
A number of the world’s biggest players in re/insurance have committed additional funds to support the development of open source catastrophe modelling platform Oasis. Companies include Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover Re, Lloyd’s, RenaissanceRe, Swiss Re, SCOR, Willis Re and the Insurance Development Forum. The supporting international re/insurers and brokers ... Read the full article
Hannover Re in £3bn longevity swap with AXA UK Pension Scheme
18th March 2021
Hannover Re has entered into a longevity swap transaction with the AXA UK Group Pension Scheme, which will protect £3 billion of mostly deferred pension liabilities held in the Scheme’s Defined Benefit plan. The swap, which closed on 27 February 2021, will form part of the Scheme’s investment portfolio, building upon ... Read the full article
Gosset-Grainville to succeed Denis Duverne as AXA Chairman
12th March 2021
Global insurer AXA has revealed that Denis Duverne will retire from his position as Chairman of AXA's Board of Directors in April of 2022, and will be succeeded by Antoine Gosset-Grainville. After a comprehensive succession process led by the firm's Compensation & Governance Committee over the past two years, the Board ... Read the full article
AXA Partners and Ancileo renew partnership
12th March 2021
AXA’s global Business-to-Business-to-Consumer unit AXA Partners and Ancileo have announced a renewal of their partnership to further bolster their position in the travel insurance market post-pandemic. Ancileo is a digital insurance platform provider which specialises in providing insurance technology, API & insurance software solutions to insurers. The technology developed by Ancileo allows ... Read the full article
Industry survey reveals divided census over 2021 P&C covid losses
1st March 2021
A comprehensive survey of Reinsurance News' industry contacts has revealed a clear divide in expectation for 2021's eventual COVID-19 impact on the Property & Casualty segment, with 27% of respondents feeling the figure will fall over $100 billion. A further 27% felt the eventual loss would land between $70 billion and ... Read the full article
AXA lowers retention at January reinsurance renewals
25th February 2021
French insurer AXA opted to lower its natural catastrophe retention levels at the January 2021 reinsurance renewals, the company has revealed. For its insurance segment, the retention has been lowered to €500 million for North America key perils, including hurricane and earthquake, with reinsurance coverage to absorb costs up to $1.25 ... Read the full article
AXA’s P&C underlying earnings down in 2020 on COVID-19 claims
25th February 2021
Global insurer AXA has reported an 18% dip in net income to €3.164 billion for 2020 and a 34% dip in underlying earnings to €4.264 billion, driven in part by the impacts of the COVID-19 pandemic on the performance of its AXA XL property and casualty (P&C) business. All in all, ... Read the full article
Ensurance secures capacity deal with AXA UK
22nd February 2021
Specialty lines MGA Ensurance has secured a new capacity deal with AXA Insurance UK for its core construction and engineering products. The deal sees AXA replace Swiss Re as the MGA’s main capacity provider and provides ‘AA’ rated capacity. “This is a landmark deal for Ensurance. We have worked hard building our ... Read the full article
AXA XL names Michael Colao Cyber CUO
28th January 2021
AXA XL has announced the appointment of Michael Colao as Global Chief Underwriting Officer for Cyber. He will be based in London and reports to Libby Benet, Global CUO for Financial Lines. Colao will manage aggregate cyber exposure across AXA XL’s products globally while helping develop and implement underwriting standards globally. He most ... Read the full article
HSBC & Etiqa named as shortlisted bidders for AXA Singapore: reports
20th January 2021
British bank HSBC Holdings and Etiqa, the majority owned Malayan Banking insurance joint-venture, have been named as two of the shortlisted bidders for the Singapore operations of global insurer and reinsurer AXA, reports Bloomberg. According to reports, people familiar with the matter have said that the sale of AXA Singapore could ... Read the full article
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