Reinsurance News
AXA
Real value in understanding & transferring ocean risk, says AXA XL’s MacFarlane
19th November 2019
AXA XL, the global P&C and Specialty insurance and reinsurance arm of the AXA Group, sees real value in the ongoing development of the world’s first Ocean Risk Index, designed to assess, transfer and trade the risks associated with the change and deterioration in our oceans, while simultaneously supporting resilience. Reinsurance ... Read the full article
AXA to underwrite THB’s Fleet UK product
19th November 2019
Global insurer AXA is to underwrite Lloyd’s wholesale broker THB’s Fleet UK product, as part of a new partnership deal. THB says the decision to pair with AXA originates from wanting to partner with a fleet insurer that values underwriting expertise, as well as AXA’s commitment to offering flexible solutions for ... Read the full article
AXA XL’s risk innovation incubator, Cube launches
18th November 2019
AXA XL, the property & casualty (P&C) and specialty risk division of insurer AXA, has announced the launch of its risk innovation incubator, Cube. Described by insurer and reinsurer AXA XL as the first of its kind, Cube is a six week programme that provides risk managers with the opportunity to ... Read the full article
AXA CEO Thomas Buberl elected to IBM board
12th November 2019
The Chief Executive Officer (CEO) of global insurer and reinsurer, AXA, Thomas Buberl has been elected by information technology firm IBM to join its Board of Directors, effective April 28th, 2020. Buberl was appointed CEO of AXA in 2016, and continues to lead the Paris, France-based re/insurer through its digital transformation. ... Read the full article
AXA results lifted by AXA XL despite heavy Q3 cat losses
7th November 2019
Global re/insurer AXA increased its revenues by 5% to €79.7 billion during the first nine months of 2019, helped by its AXA XL division, which recorded a strong performance despite above-average catastrophe losses. AXA XL grew its revenues by 11% to €14.2 billion, mainly driven by its P&C Insurance and Specialty ... Read the full article
AXA in €620m sale of Belgian banking operations
25th October 2019
French insurance giant AXA has agreed to sell 100% of its Belgian banking operations to cooperative bank Crelan for a total consideration of €620 million. The deal consists of €540 million in cash and the transfer to AXA Belgium of Crelan Insurance, the insurance company of Crelan valued at €80 million. In ... Read the full article
Concerns about climate, cyber & political risks intensify: AXA survey
16th October 2019
Climate change, cybersecurity risks, and geopolitical instability are viewed as the three emerging risks most likely to have a significant impact in the near future, according to a new report from AXA. The report, which was based on the results of AXA’s 2019 Emerging Risks Survey, highlighted the “sheer number and ... Read the full article
AXA looking at potential sale of Central European business, says Reuters
16th October 2019
Reuters has reported that a number of sources have claimed that French insurance giant AXA is considering the sale of its Central European business as part of a restructuring to exit markets where the firm does not have sufficient scale. Reportedly, information packs regarding the sale have been sent to potential ... Read the full article
AXA Singapore adds three to leadership team
8th October 2019
AXA Insurance Singapore, part of AXA Group, has announced the appointments of Jeremy Ong as Chief Customer & Operations Officer, Julien Callard as Managing Director of Retail, and Mauricio Coarasa as Chief Financial Officer. As Chief Customer & Operations Officer, Ong will lead several strategic priorities for the organisation focusing on ... Read the full article
AXA XL adds Edward Moeller to political risk, credit & bond team
18th September 2019
AXA XL, the property and casualty and specialty risk division of AXA, has appointed Edward Moeller to its Political Risk, Credit and Bond team. In this senior underwriter role Moeller will oversee the development and maintenance of customer and broker relationships, while also taking responsibility for growing new business in targeted ... Read the full article
Proper pricing needed for nat cat risks: Thomas Buberl, AXA CEO
9th September 2019
Speaking this morning in Monte Carlo at the annual PwC breakfast event, AXA Group CEO Thomas Buberl explained that natural catastrophe risks remain underpriced across insurance and reinsurance. Discussing the ongoing integration of XL Catlin into AXA, Buberl said that this has changed the business mix significantly for his firm. Buberl said ... Read the full article
Austin Su named US Underwriting Lead of AXA XL’s Structured Risk Solutions
4th September 2019
AXA's property and casualty (P&C) and specialty division, AXA XL, has named Austin Su as US Underwriting Lead of its Structured Risk Solutions (SRS) business. Based in New York, Su joins SRS' expanding global Alternative Risk Transfer business and will have a focus on the development of structured re/insurance solutions for ... Read the full article
AXA grows revenues by 4% in H1, boosted by AXA XL results
1st August 2019
Global re/insurer AXA has reported that its gross revenues increased by 4% to €57.9 billion in the first half of 2019, boosted by growth in its recently integrated AXA XL division. AXA XL recorded gross revenues of €10.4 billion for the first six months of the year, representing an increase of ... Read the full article
Paul-Henri Rastoul named CUO of XL Insurance Company
22nd July 2019
Paul-Henri Rastoul has been appointed Chief Underwriting Officer (CUO) of XL Insurance Company SE (XLICSE), a wholly owned subsidiary within the AXA XL segment of AXA Group. Effective immediately, Rastoul joins the AXA XL International Property & Casualty (P&C) leadership team, and will be based in Dublin. In his new role, he ... Read the full article
Etienne Bouas-Laurent to succeed Gérald Harlin as AXA CFO
20th June 2019
Global re/insurer AXA has announced that Etienne Bouas-Laurent will become its new Group Chief Financial Officer (CFO), taking over from Gérald Harlin who is due to retire at the end of the year. Harlin will step down on January 1, 2020 after 29 years with AXA, including 9 years as CFO. Bouas-Laurent, ... Read the full article