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 Venture Partners raises $150m for early stage insurtech investments
23rd January 2019
AXA Venture Partners (AVP), the venture capital arm of French insurer AXA, has raised $150 million for its second early stage fund, AVP Early Stage II. Similar to AVP’s first early stage fund, which was completed back in 2015 and raised $110 million, AVP Early Stage II will focus on North America, ... Read the full article
Shali Vasudeva to leave Hiscox for AXA UK COO role
22nd January 2019
Shali Vasudeva is set to join AXA UK and Ireland from insurer Hiscox as Chief Operating Officer (COO), a newly created position, effective March 1st, 2019. The appointment remains subject to regulatory approval, and will see Vasudeva deliver more robust operational stability across the firm, as well as lead a Transformation ... Read the full article
Allianz, AXA & Swiss Re among brands most praised for climate actions
21st January 2019
Re/insurers Allianz, AXA and Swiss Re are among the top five companies to receive the praise from non-governmental organisations (NGOs) in 2018 due to their actions on climate change. Data compiled by research consultancy SIGWATCH shows that the trio of re/insurers overtook global brands such as McDonald’s, Aldi and H&M as ... Read the full article
AXA to move int. risk & reinsurance units to Ireland due to Brexit
10th January 2019
AXA is reportedly planning to move its international risk and reinsurance operations from the UK to Ireland in preparation for the UK’s departure from the European Union (EU) in March 2019, according to Reuters. The publication claimed that a subsidiary in Dublin will handle AXA’s large European risks and reinsurance, while ... Read the full article
Berkshire Hathaway, Chinese insurers climb “World’s Largest” ranking
8th January 2019
The insurance operations of Warren Buffett's conglomerate Berkshire Hathaway Inc. and China's largest insurance companies are the biggest climbers in A.M. Best's ranking of the World's Largest Insurers. The ranking of the world's largest insurance companies is available to view here on Reinsurance News, in collaboration with A.M. ... Read the full article
AXA XL division to adopt AXA Group’s climate strategy
29th November 2018
AXA Group has announced that its sustainability and climate strategy will be extended to AXA XL, the division that was established following the acquisition of XL Group. The move will see AXA XL, which focuses on large property and casualty (P&C) Commercial Lines, implement the Group’s Corporate Responsibility policies, including those ... Read the full article
AXA eyes profit boost in wake of $15bn XL acquisition
28th November 2018
With its investor day being held today, French insurance and investment giant AXA has said it expects the group’s profitability to improve over the next two years due to fresh U.S business bought in by its XL arm, and stated that focus would now be on expanding its operations in ... Read the full article
AXA acquires remaining €584m stake in Chinese joint P&C venture
27th November 2018
French insurance and investment giant AXA has purchased the remaining 50% of Chinese property and casualty (P&C) insurer AXA Tianping that it did not previously own in a €584 million transaction. This deal follows yesterday’s announcement that Allianz had received approval from the China Banking and Insurance Regulatory Commission for the ... Read the full article
AXA to sell its operations in Ukraine
24th October 2018
French insurance and investment giant AXA has announced that it is to sell all its insurance operations in Ukraine to Toronto-headquartered holding company Fairfax Financial. The deal will see AXA exit the Ukrainian market. Under the terms of the agreement, Fairfax would acquire 100% of the non-life entity AXA Insurance and the ... Read the full article
AXA XL appoints UK CEO for Catlin Underwriting and Insurance
24th September 2018
AXA XL has appointed Paul Greensmith as Chief Executive Officer (CEO) of its legal entities, Catlin Underwriting Agencies Ltd and XL Catlin Insurance Company UK Limited. Greensmith will take over from Paul Jardine, who is due to leave XL Catlin later this year. He will be tasked with developing the strategy ... Read the full article
AXA completes acquisition of XL Group
13th September 2018
French insurance and investment giant AXA has announced that it has completed its acquisition of Bermudian property and casualty (P&C) insurance and reinsurance firm XL Group Ltd. The completion of the transaction follows the fulfilment of all necessary closing conditions, including approval by XL Group shareholders and obtention of all necessary ... Read the full article
IDF appoints AXA’s Denis Duverne as Chair of Steering Committee
12th September 2018
The Insurance Development Forum has announced the appointment of Denis Duverne as Chair of its Steering Committee, effective September 11. Duverne, who succeeds Stephen Catlin, is Chairman of AXA Group and has held senior roles, including Chief Financial Officer and Deputy Chief Executive Officer, at the global insurer since 1995. “I would ... Read the full article
AXA to sell Life Europe platform to Cinven for €1.2bn
2nd August 2018
AXA Group has entered into an agreement with global private equity firm Cinven for the potential sale of AXA Life Europe (ALE), the company’s Ireland-based Variable Annuity products platform, for €1.2 billion (US $1.4 billion). The total cash proceeds for the sale of ALE, which has been closed to new business ... Read the full article
AXA and XL Group reveal branding for combined operations
11th July 2018
AXA and XL Group have revealed the branding and structure of their future combined operations, to be known as AXA XL, following AXA’s acquisition of XL Group for $15.3 billion in March 2018. Once the acquisition is completed, the new AXA XL division will operate under the ... Read the full article
ING steps back into insurance sector with exclusive AXA partnership
14th June 2018
A multi-year, exclusive bancassurance partnership between major lender ING and insurance giant AXA has been announced that will see property & casualty (P&C), health and protection insurance solutions offered to ING customers in six countries - France, Germany, Italy, Czech Republic, Austria and Australia - via its mobile app. This agreement ... Read the full article
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