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 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
Yixiang Yang named APAC Head of Accident and Health at Tokio Marine Kiln
8th July 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has appointed Yixiang Yang as the new Head of Accident and Health for the Asia-Pacific region, effective immediately. Yang is an expert in accident and health underwriting with nearly 20 years of experience in the APAC region. He joins TMK from ... Read the full article
AXA & Generali join IDF’s Infrastructure Resilience Development Blueprint
5th July 2024
Global insurers AXA and Generali have announced their support for the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint, an initiative aimed at mobilising and facilitating insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters. The IDF is ... Read the full article
AXA and HK Express partnership to provide travellers hassle-free journeys
21st June 2024
AXA Hong Kong and Macau has entered into an exclusive partnership with HK Express Airways to offer tailored protection to enable HK Express customers enjoy hassle-free journeys. Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Macau, said: “AXA has been actively expanding its insurance ecosystem and is committed ... Read the full article
Paul Jones takes charge of Lockton UK’s specialised Parametrics Practice
7th June 2024
Insurance brokerage Lockton has appointed Paul Jones as the leader of Parametric Solutions for the UK & Europe in its Property & Casualty (P&C) Specialties division. Jones commented: “I am thrilled to be joining Lockton to develop its Parametric proposition to clients. It is a really exciting time to come on ... Read the full article
AXA & Athora to terminate sale agreement of closed life and pensions portfolio
3rd May 2024
Global insurer AXA and Athora have mutually agreed to terminate the sale agreement related to the purchase of a closed life and pensions portfolio from AXA Germany, which was initially announced on July 14, 2022. According to the announcement, AXA will retain this portfolio, which is well-capitalised and duration-matched, ... Read the full article
AXA XL Re premiums grow by 9% to €1.3bn in Q1
3rd May 2024
Global insurer AXA has revealed that its AXA XL Reinsurance division grew premiums by 9% in Q1 of 2024 to €1.3 billion, driven by favourable price effects in the Property and Casualty business and higher volumes in Specialty. AXA's total gross written premiums and other revenues were up 6% in Q1 ... Read the full article
AXA Mansard appoints Ayomide Xavier Iyanda as Head Reinsurance
2nd May 2024
AXA Mansard, a member of the AXA Group, has appointed Ayomide Xavier to the position of Head Reinsurance. With five years of experience in the insurance and reinsurance industry, Iyanda brings a wealth of valuable skills to his new position. Before joining AXA Mansard, Iyanda served as a Reinsurance Analyst at Leadway ... Read the full article
AXA XL names new Head of M&A & Title, UK & Lloyd’s
23rd February 2024
AXA XL, the P&C and specialty risk division of global insurer AXA, has announced the promotion of Simon Price to Head of M&A & Title – UK & Lloyd's. Price has been with the company for seven years, and has held several management roles within the Mergers & Acquisitions (M&A) team. Having ... Read the full article
AXA grows European windstorm reinsurance by 40% to €3.9bn for 2024
22nd February 2024
Global insurance and reinsurance firm AXA has purchased significantly more protection for its European exposures at the January 2024 renewals, growing its European windstorm reinsurance in particular by 40% to reach €3.9 billion. AXA has purchased significantly more catastrophe reinsurance limit overall for 2024, with its European flood reinsurance tower also ... Read the full article
AXA XL’s CoR strengthens to 93.2% as GWP hits €53bn in 2023
22nd February 2024
Global insurer AXA's P&C and specialty risk division, AXA XL, recorded a 4.2 percentage point improvement in its combined ratio in 2023 to 93.2%, as gross written premiums (GWP) and other revenues rose 7% year-on-year to €53 billion, despite a reduction in the reinsurance arm. At AXA XL Reinsurance, premiums decreased ... Read the full article
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