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.
Steenbergen appointed member of AXA’s Board of Directors to replace Duan
12th December 2024
Ewout Steenbergen, current Executive Vice President and Chief Financial Officer of Booking Holdings Inc., has been appointed as a member of AXA’s Board of Directors to replace Rachel Duan as she intends to resign from her directorship at the end of the year. Steenbergen will replace Daun for the remainder of ... Read the full article
AXA Commercial hires Mike Crane to lead SME and specialty business
29th November 2024
AXA's Commercial unit has hired Mike Crane as SME & Specialty Director, effective January 2025. Crane's appointment follows the departure of Deepak Soni in August. A renowned veteran across the sector, Crane has extensive experience across the market and brings a deep degree of business transformation knowledge and expertise towards his new ... Read the full article
AXA XL Re premiums up 10% to €2.4bn in 9M’24
30th October 2024
Global insurer AXA's property & casualty (P&C) and specialty risk division, AXA XL, achieved gross written premium (GWP) and other revenues growth of 7% in the first nine months of 2024 to €44.5 billion, supported by 10% year-on-year growth at AXA XL Reinsurance. Within the reinsurance business, premiums grew to €2.4 ... Read the full article
AXA XL & AXIS support landmark $1bn IDB securitisation
28th October 2024
The Inter-American Development Bank (IDB) has announced a new $1 billion securitisation transaction, Scaling4Impact, which includes a $100 million mezzanine tranche, of which a portion was sold to international investor Newmarket Capital, and the remainder insured by AXIS and AXA. Described as a first of its kind securitisation transaction for private ... Read the full article
AXA Climate renews parametric insurance to safeguard marine protected areas
21st October 2024
AXA Climate has announced the renewal of parametric insurance coverage for 88 Marine Protected Areas (MPAs) in the Philippines. In partnership with Blue Alliance Marine Protected Areas and Howden, this initiative bolsters the financial stability of communities and ecosystems alike. It protects over 90,000 hectares of coral reefs and ensures the livelihoods ... Read the full article
AXA rebrands China reinsurance unit to AXA International Re
17th October 2024
AXA Insurance has renamed its China reinsurance business, XL Re China, to AXA International Re, according to finews.asia. This reportedly follows AXA’s acquisition of the mainland China unit in April. Sally Wan, CEO of AXA Greater China, commented, "This strategic renaming to ‘AXA International Re’ underscores our commitment to the mainland Chinese ... Read the full article
AXA reports renewed confidence in insurers amid heightened vulnerability
15th October 2024
Global insurer AXA’s Future Risks Report 2024 reveals a heightened sense of vulnerability regarding the risks facing societies; nonetheless, both experts and the general population express renewed confidence in insurers to tackle existing and emerging risks. This study, conducted in partnership with IPSOS, involves data collected and analysed by AXA's dedicated ... Read the full article
Re/insurance is about confidence giving and public-private partnerships: Lloyd’s CEO
3rd October 2024
The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace. Neal's comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also ... Read the full article
SCOR Live Sessions – The (re)insurer of tomorrow
19th September 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company's Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to face the future. Registration is open for SCOR Live Sessions ... Read the full article
Guy Van Hecke named Head of Ceded Reinsurance at AXA
6th September 2024
Global insurer AXA has announced the appointment of Guy Van Hecke as the new Head of Ceded Reinsurance for AXA, succeeding Guillaume Lejeune. Van Hecke, who is currently Head of Ceded Reinsurance at AXA XL, a division of AXA, will continue in this role for an interim period, retaining a reporting ... Read the full article
AXA launches new parametric product for outdoor practitioners working in the Hong Kong summer
5th August 2024
AXA Hong Kong and Macau has announced the launch of the market-first "Heatwave Parametric Insurance", a new offer created to provide enhanced protection for outdoor practitioners amid escalating climate risks in the summer in Hong Kong. According to the Hong Kong Observatory the annual mean temperature in Hong Kong has exhibited ... Read the full article
AXA to acquire Gruppo Nobis for €423m
5th August 2024
AXA has entered into an agreement to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential additional earn-out of up to €55 million. Nobis is a predominantly Retail property and casualty (P&C) insurance company in Italy, with a diverse distribution network that includes multi-tied agents and car ... Read the full article
AXA XL’s H1 GWP & other revenues hit €32.5bn as group looks to sell AXA IM
2nd August 2024
Global insurer AXA’s P&C and specialty risk division, AXA XL, has revealed that gross written premiums and other revenues were up 7% to €32.5 billion in H1 of 2024, while its combined ratio was 90.2%, down 0.7 points from the same period of 2023. AXA XL's commercial lines business saw premiums ... Read the full article
Davies names Amber Wilkinson as Group CFO
9th July 2024
Davies, a specialist in professional services and technology, has appointed Amber Wilkinson as its new Group Chief Financial Officer (CFO). Currently serving as CFO at global law firm DLA Piper since 2021, Wilkinson brings extensive experience from over a decade at insurer AXA. She held senior roles including CFO of AXA Health ... Read the full article
AXA tops list of largest European insurers ranked by GPW
9th July 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data from ratings agency AM Best, our directory of ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
