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 & Friday Health Plans enter into multi-year reinsurance arrangement
9th June 2020
Friday Health Plans, a health insurance company focused on the individual consumer, has entered into a multi-year quota-share reinsurance agreement with the Life and Health international solutions arm of global re/insurer AXA. The financing arrangements are designed to accelerate Friday Health Plans' growth plans in both its current and new markets, ... Read the full article
AXA puts P&C virus claims at €1.2bn, cuts dividend
3rd June 2020
Global insurer AXA has estimated that the COVID-19 pandemic will result in an overall P&C claims cost of €1.2 billion, post-tax and net of reinsurance. The figure came alongside news that the company will cut its dividend almost in half, from €1.43 per share to €0.73 per share. This decision, approved by ... Read the full article
AXA UK broadens use of live video to settle commercial property claims
2nd June 2020
AXA UK is set to broaden its use of live video to settle commercial property claims, as the insurer renews its contract with software provider Verisk. The ClaimXperience app is already being used by AXA’s household customers, who can show escape of water damage in real time to their home insurer. The ... Read the full article
AXA XL launches global admitted commercial umbrella solution
21st May 2020
AXA XL, a division of AXA Group, has announced that its Global Risk Management (GRM) and the North America Excess Casualty business units have collaborated to launch Multipass, a new global admitted commercial program. The new product brings together a global controlled master program with an umbrella liability solution to create ... Read the full article
AXA partners on medical support for Accor hotels
18th May 2020
Global insurer AXA has partnered with French multinational hospitality company Accor to provide medical support to guests across 5000 Accor hotels. From July 2020, the partnership will enable Accor guests to access medical solutions from AXA Partners, an AXA subsidiary specialising in assistance services, travel insurance and credit protection. Accor guests will ... Read the full article
AXA’s Irene Dorner named Chairwoman of Audit Committee
14th May 2020
Global insurer AXA has announced that Irene Dorner has been appointed Chairwoman of the company's Audit Committee, following the death of Stefan Lippe, director of the company and Chairman of the Audit Committee. Upon the recommendation of AXA's Compensation & Governance Committee, the insurance giant's Board of Directors chose to designate ... Read the full article
AXA Q1 revenues up 4%, 2020 earnings to be “materially impacted” by COVID-19
6th May 2020
Global insurer AXA has posted solid revenue increases across the board for the first quarter, but warned that the coronavirus pandemic will have a material impact on the group’s earnings in 2020. Total revenues were up 4% with growth in all business lines, with Property & Casualty (+3%), driven by Commercial ... Read the full article
AXA’s Guidee says France is working on insurance backstop for pandemics: report
30th April 2020
Renaud Guidee, the Chief Risk Officer (CRO) of global insurance giant AXA, has told Reuters that France is in the process of drafting a re/insurance backstop for pandemics in light of the significant financial and economic implications of the COVID-19 outbreak. According to Reuters, a working group set up by French ... Read the full article
AXA XL announces new leadership team, operating model
21st April 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced a new leadership team and proposed changes to the operating model of its insurance business. Following a strategic review, a proposal has been put forward which would see the creation of a single global insurance underwriting function ... Read the full article
AXA’s Buberl proposes pandemic risk pooling scheme
6th April 2020
Thomas Buberl, Chief Executive Officer (CEO) of AXA, has said that the company is “ready to take the initiative” to work with governments to develop a risk pooling scheme for pandemics. Speaking in an interview with Le Journal du Dimanche, Buberl said that the industry needs to think about creating a ... Read the full article
AXA to offer limited compensation for certain COVID-19 hit firms
30th March 2020
Global insurer AXA has said it will pay out claims from up to 4,000 companies with business interruption cover affected by coronavirus. The company has written to policyholders and said that compensation will be limited to three months’ earnings. However, a case of Covid-19 must occur within a specified radius of a ... Read the full article
AXA UK, Ireland names Roland Moquet CFO
20th March 2020
AXA UK and Ireland has announced the appointment of Roland Moquet as Chief Financial Officer. Moquet succeeds Amelie Breitburd and joins from AXA Italy, having served as CFO. Since joining AXA from the French Treasury in 2005, he has held various positions, including CFO of AXA Tianping in Shanghai. Additionally, Amber Wilkinson, currently ... Read the full article
AXA Singapore appoints Julien Callard MD, retail and health
9th March 2020
AXA Insurance Singapore, part of AXA Group, has appointed Julien Callard as managing director, retail and health. Effective immediately, Callard will lead the Retail and Health strategic business unit, with responsibility for driving growth of AXA’s retail business and health business as well as the respective distribution functions. This includes developing a ... Read the full article
AXA XL appoints Global Head of Equine, Livestock & Aquaculture
2nd March 2020
AXA XL insurance, a division of AXA Group, has named Chris Williams as the company's Global Head of Equine, Livestock & Aquaculture, based in London and effective immediately. In his new role, he takes responsibility for the development of the firm's Equine, Livestock & Aquaculture portfolio, and will tasked with devising ... Read the full article
AXA XL Insurance bolsters underwriting team in France
28th February 2020
AXA XL Insurance, a division of global insurer AXA, has named Stéphane Vauterin as Underwriting Manager, International Financial Lines for France, based in Paris. He joins the company from Zurich Insurance where he held numerous senior financial lines underwriting roles, and brings more than two decades of industry experience to AXA ... Read the full article
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