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 agrees to sell insurance operations in the Gulf region
30th November 2020
Global insurer AXA has entered into an agreement to sell its insurance operations in the Gulf region, which includes its shareholding in AXA Gulf, AXA Cooperative Insurance Company, and AXA Green Crescent Insurance Company, to Gulf Insurance Group (GIG). Under the terms of the arrangement, AXA will sell its stake in ... Read the full article
AXA XL appoints Welton to key CUO role
5th November 2020
AXA XL has announced the appointment of Peter Welton as Chief Underwriting Officer, Marine, Energy & Aerospace, UK & Lloyd’s market. Welton will look to develop and execute the underwriting strategy for the UK marine, energy & aerospace books and optimising product offering and profitability. The new role will see him lead ... Read the full article
AXA confirms capital injection for XL business
4th November 2020
Global insurer and reinsurer AXA has confirmed that it will provide a capital injection of potentially €1 billion to its AXA XL unit to shore it up against elevated catastrophe and COVID losses this year. Chief Financial Officer Etienne Bouas-Laurent explained that increasing the capital at AXA XL would enable it ... Read the full article
AXA reports 2% dip in revenues; sees accelerating price increases at AXA XL
4th November 2020
Global insurer and reinsurer AXA has announced that total revenues declined by 2% to €79.7 billion for the nine month period ended September 30th, 2020, as stable revenues within its property and casualty (P&C) business were offset by lower volumes as a result of COVID-19, alongside a decline in personal ... Read the full article
Just paying for a claim is not enough: AXA CEO, Thomas Buberl
28th October 2020
The events of 2020, notably the ongoing COVID-19 pandemic, are set to fundamentally alter the way insurance will be viewed and as sentiment shifts, just paying claims is not enough, according to Thomas Buberl, Chief Executive Officer (CEO) of global insurer AXA. Aon's latest fireside chat with industry leaders saw the ... Read the full article
AXA wraps up €1bn sale of Central European businesses
16th October 2020
Insurance and investment giant AXA has completed the sale of its life & savings, property & casualty and pension businesses in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern ... Read the full article
Tara Foley named CEO of AXA UK Retail Insurance
15th October 2020
AXA UK & Ireland has announced the appointment of Tara Foley as Chief Executive Officer (CEO) of AXA UK Retail Insurance. Effective November 2nd, Foley’s appointment will also see her become a member of the UK & Ireland Management Committee. Foley joins AXA from Lloyds Banking Group (LBG), where she has been ... Read the full article
Pandemic overtakes climate change as top market concern: AXA
1st October 2020
The latest Future Risks Report from AXA has found that pandemic and infectious diseases have risen quickly to become the foremost concern of risk management experts and the general public this year. Previously ranked as the eighth most concerning risk in 2019, the global outbreak of COVID-19 has since propelled the ... Read the full article
AXA XL reveals carbon management strategy
29th September 2020
AXA XL, the property & casualty and specialty risk division of AXA, has released details of its carbon management strategy, designed to accelerate the company's contribution to the transition towards a less carbon-intensive economy by 2050. After monitoring its consumption over the past several years and using 2019 as a baseline, ... Read the full article
AXA XL launches IoT solution to monitor building health
25th September 2020
AXA XL, the property & casualty and specialty risk division of AXA, is accelerating the scaling of its new Digital Risk Engineer proposition designed to allow a company to monitor the “health” of its buildings and assets. Digital Risk Engineer will be available globally and uses Internet of Things (IoT) devices installed ... Read the full article
AXA XL promotes Jonathan Salter to Head of Risk Consulting
23rd September 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced the promotion of Jonathan Salter to Head of Risk Consulting, effective October 1st, 2020. In his new role, Salter will be responsible for driving the Risk Consulting strategy and value proposition across the globe, working closely with ... Read the full article
AXA & Bharti to combine their Indian non-life operations into ICICI Lombard
26th August 2020
AXA and Bharti have announced an agreement to combine their non-life insurance operations in India, Bharti AXA General Insurance Company Limited, into ICICI Lombard General Insurance Company Limited. Following the transaction, the combined entity will be ranked number three amongst non-life insurers in India, with an increased market share of ca ... Read the full article
AXA eyeing $177mn sale of Greek business to Generali: reports
17th August 2020
AXA is reportedly considering the sale of its Greek operations to Itay’s Generali after an estimated value of $177 million was placed on the unit by parties from both companies. Bloomberg, citing people familiar with the matter, describe the move as an opportunity to relinquish business lines deemed surplus to requirements. Representatives ... Read the full article
AXA exploring sale of Singapore unit: reports
11th August 2020
Global insurer and reinsurer AXA is reportedly exploring options for selling its Singapore unit in a bid to raise funds, according to sources at Bloomberg. The publication says AXA is working with an advisor on a potential sale, with an eye to starting a sale process within the next few weeks. However, ... Read the full article
AXA’s sale of its Life Europe platform to Cinven falls through
6th August 2020
AXA has agreed to terminate its previously announced sale agreement with private equity firm Cinven, which would have seen the insurer offload its AXA Life Europe (ALE) business for €1.2 billion (US $1.4 billion). Alongside the release of its Q2 results, AXA said that certain closing conditions for the ... Read the full article
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