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 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
AXA looks to address AXA XL volatility with additional reinsurance
20th February 2020
In an effort to minimise earnings volatility within its commercial insurance and reinsurance arm, AXA XL, French insurer AXA has purchased some additional reinsurance covers. The global insurer and reinsurer today announced its results for 2019, reporting a higher net income and elevated total revenues within AXA XL. However, while AXA ... Read the full article
AXA posts 75% net income jump for 2019, XL’s revenue hits €18.7bn
20th February 2020
French insurance and investment giant AXA saw its net income in 2019 jump 75% to €3.9 billion, with growth seen across all lines of business and geographies. This considerable jump in net income was mainly driven by a goodwill impairment of €3 billion related to Equitable Holdings in 2018. Underlying earnings increased ... Read the full article
AXA XL names Scott Gunter as new CEO as Hendrick departs
20th February 2020
AXA XL, the commercial insurance and reinsurance arm of the AXA Group, has announced that its Chief Executive Officer Greg Hendrick is set to depart and has hired Scott Gunter, formerly the Senior Vice President of Chubb Group and President of Chubb’s North America Commercial Insurance division, as its new ... Read the full article
AXA UK trials machine learning for motor claims
12th February 2020
AXA UK, a division of the French insurance firm, has said that its claim handlers are currently piloting a machine-learning tool that will help make faster and more accurate decisions regarding motor claims. Repair or Replace Intelligence (RoRI) captures data from phone conversations and uses machine-learning tools to assess the costs ... Read the full article
AXA XL’s Allied Specialty & McGowan launch joint venture
12th February 2020
A subsidiary of AXA XL, Allied Specialty Insurance, Inc., has entered into a new joint venture with The McGowan Companies to launch a new firm dedicated to the insurance needs of the Amusement and Entertainment industries. The new entity from AXA XL, which is the property and casualty and specialty risk ... Read the full article
AXA confirms €1bn sale of Central European businesses
10th February 2020
French insurance and investment giant AXA has confirmed that it plans to sell its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern European operations after Read the full article
Three in race to buy AXA’s €1bn-rated Eastern Europe operations, reports
28th January 2020
There are currently three bidders in the running to secure the €1 billion-rated Central and Eastern Europe business operations of French insurance and investment giant AXA, according to a Bloomberg insider. Only the Italian insurer Assicurazioni Generali SpA and Austrian insurers Vienna Insurance Group and Uniqa Insurance Group are supposedly still ... Read the full article
Climate a factor in catastrophes & virus outbreaks: AXA CEO Buberl, at Davos
27th January 2020
For the insurance and reinsurance industry climate change is a common factor that is seen to affect the rate of catastrophe losses and also the incidence of virus outbreaks, AXA Group CEO Thomas Buberl explained. While trends remain uncertain, when it comes to the impact of climate change on the occurrence ... Read the full article
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