Reinsurance News
AXA
Zurich appoints AXA’s Blanc as CEO for Europe, Middle East & Africa
6th April 2018
Zurich Insurance Group has announced that Amanda Blanc, current Chief Executive Officer (CEO) of AXA UK & Ireland, is to join the company and succeed Gary Shaughnessy as CEO for Europe, Middle East & Africa (EMEA). The transition is due to be implemented in the fourth quarter of 2018, and will ... Read the full article
Axa’s Buberl confident of proving XL deal was the right choice
28th March 2018
The Chief Executive Officer (CEO) of insurer Axa, Thomas Buberl, has told the Financial Times that when discussing the firm's takeover of insurer and reinsurer XL it was evident the market wouldn't respond positively, but that he remains confident of convincing investors. It was announced in early March that Axa ... Read the full article
XL Group tells brokers to expect continuity after AXA acquisition
21st March 2018
Bermudian insurance and reinsurance firm XL Group Ltd. has sent a letter to its reinsurance brokers, to explain that they should expect continuity in the way it operates and its trading after its acquisition by French insurance and investment giant AXA is completed. The letter, penned by Chief Executive of Reinsurance ... Read the full article
AXA will buy more reinsurance to reduce XL risks, says CEO Buberl
9th March 2018
In a recent analyst call, AXA Chief Executive Officer (CEO) Thomas Buberl suggested that the company will reduce the risks attached to the newly acquired XL by buying more reinsurance. This week AXA announced plans to acquire XL Group Ltd. for $15.3 billion, and this latest statement offers some indication ... Read the full article
Rating agencies turn negative on AXA, positive on XL
7th March 2018
The major rating agencies have unanimously decided to place AXA's ratings on a negative watch following the news of its planned acquisition of Bermudian insurance and reinsurance firm XL Group. At the same time, the rating agencies are positive on XL's ratings and even suggest they may be upgraded as a ... Read the full article
AXA to acquire XL Group for $15.3 billion
5th March 2018
French insurance and investment giant AXA has agreed to acquire 100% of Bermudian insurance and reinsurance firm XL Group Ltd. for $15.3 billion (€12.4bn), to be fully paid in cash. The transaction is subject to approval by XL Group shareholders and other customary closing conditions, and is expected to close in the second-half ... Read the full article
XL Group rumoured as acquisition target of AXA
4th March 2018
The merger and acquisition rumours continue, with the latest being that Bermudian insurance and reinsurance firm XL Group is targeted as a potential purchase by French insurance and investment giant AXA. The news was first reported by Bloomberg on Saturday, who said that talks between AXA and XL Group are at ... Read the full article
Randall & Quilter completes reinsurance-to-close of Hamilton legacy book
19th February 2018
Randall & Quilter (R&Q) has announced the completion of its previously announced agreement to provide capital in conjunction with AXA DBIO to support the Reinsurance to Close (RITC) of Hamilton Underwriting's Syndicate 3334’s 2014 and prior years of account. The RITC consists of net reserves of about £30 million and ... Read the full article
Health InsurTech Oscar Health & AXA announce multi-year reinsurance agreement
16th January 2018
Health InsurTech start-up Oscar Health has entered into a multi-year quota share reinsurance arrangement with AXA's International Employee Benefits Division, according to reports. The new deal is designed to assist Oscar Health's growth plans, after the firm increased its individual market presence in the states, according to reports in Healthcare Analytics ... Read the full article
AXA streamlines governance model, appoints new executives
13th November 2017
AXA Group has simplified its operating model to empower its entities to operate closer to their clients, and has appointed new executives to its leadership team to steer the new streamlined Corporate Centre. The AXA Group will now be organised around 5 geographies; France, Europe, the U.S., Asia, and International; it ... Read the full article
Axa Re gets approval to open India reinsurance branch
7th June 2017
French reinsurer, Axa Re, has received second stage R2 regulatory clearances from Indian regulator, IRDAI, to open a branch in the country. The reinsurer hopes to begin operations in July when it receives the final round of regulatory clearances, R3, after completing its capital infusion plan, the Press Trust of India (PTI) ... Read the full article
AXA promotes Braverman to lead its Legacy business
23rd March 2017
AXA has announced the promotion of Josh Braverman, Chief Investment Officer (CIO) and Treasurer to head its Legacy Book Business, and the promotion of Steven M. Joenk to CIO. Braverman joined AXA in 2009 to lead its Derivatives & Hedging teams, which included the development and implementation of the company's derivatives and hedging strategies. Three years after joining the ... Read the full article
AXA expands parametric cover solutions with new entity
9th March 2017
Insurer AXA has expanded its range of parametric insurance offers to small and medium enterprises (SMEs) and individuals with the launch of a new entity, AXA Global Parametrics - a move that builds on previous success to target greater potential for this product. Driven by the success of AXA's current parametric ... Read the full article
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