Reinsurance News
AXA
AXA CEO Thomas Buberl: “The world is in a multi-crisis environment”
5th October 2022
AXA CEO Thomas Buberl has drawn attention to the series of crisis the globe finds itself in a recent radio interview in France. Speaking to France Inter, Buberl said that everything must be done in order to avoid recession, no matter the difficulty. He said: "We are immersed in a multi-crisis environment ... Read the full article
Brett Stewart to lead AXA XL loss prevention education programs in NA
29th September 2022
AXA XL Insurance has announced that it has promoted Brett Stewart to Manager of Loss Prevention and Education for AXA XL’s Design Professional insurance business in North America. In a press release, it stated that within this new role, Stewart will lead development of loss prevention and education programs and materials for AXA ... Read the full article
AXA XL appoints leaders for new Group Captives unit
16th September 2022
AXA XL’s Primary Casualty Business has appointed both Mark Benz and Joseph Davina to lead the newly created Group Captives unit. Both Benz and Davina will be based in New York and will report to Chris Kopser - President and CUO Primary Casualty, Americas. Benz takes on the role as Head of Group Captives Primary ... Read the full article
Generali acquires AXA Malaysia joint ventures
2nd September 2022
Italy-headquartered insurer Generali has acquired Axa’s Malaysian operations, in line with Generali strategy to strengthen its leadership position in high potential markets. At the same time AXA also announced the completion of the sale to Generali. In the announcement, AXA revealed it sold 49.99% of its shareholding in AXA Affin General ... Read the full article
AXA XL appoints Lead Underwriter for War, Terrorism & Political Violence
5th August 2022
AXA XL has appointed Greg Johnson as lead Underwriter for War, Terrorism and Political Violence (WTPV) business for the Western Region of the US. Within this role, Johnson will be based in Los Angeles, where he will focus on growing the west coast terrorism portfolio, as well as monitoring financial exposure, and building and ... Read the full article
AXA XL Re’s revenue down by 21% on nat cat reduction
3rd August 2022
Global insurer AXA has today reported 1% growth in gross revenues to €55 billion for the first half of 2022, although within AXA XL Reinsurance revenues fell by 21% on the back of a strong reduction in natural catastrophe exposure. Alongside the growth in gross revenues, French insurer AXA has reported ... Read the full article
AXA tops list of largest EU insurers ranked by GPW
1st August 2022
When ranked by gross premiums written (GPW) in 2020, AXA tops the list of the largest European insurance companies with USD 115.3 billion. The insurer also recorded USD 80 billion of capital & surplus from 2020. Based on research data from ratings agency AM Best, our directory ... Read the full article
Alexander Vollert appointed as a member of AXA’s Management Committe
21st July 2022
AXA has appointed Alexander Vollert, AXA's Chief Operating Officer and CEO of AXA Group Operations (AXA GO), as a member of the company’s Management Committee. Vollert’s appointment is effective September 1st, 2022. Vollert joined AXA in September 2016. He directly started his tenure at the company as CEO of AXA Germany. Prior to ... Read the full article
AXA to sell a closed life & pensions insurance portfolio to Athora Germany
15th July 2022
AXA Germany has reached an agreement to sell a portfolio of life and pensions insurance reserves worth €16 billion. Under the terms of the agreement, AXA Germany will sell the portfolio to Athora Germany for a consideration of EUR660 million. AXA noted that the portfolio has been closed to new business since ... Read the full article
AXA signs multimillion-pound deal with ROCK Insurance
4th July 2022
AXA Partners UK & Ireland and ROCK Insurance Group have announced a multimillion-pound extended partnership, which follows a previous collaboration in 2021. Having launched in June, this partnership will see AXA underwrite a number of ROCK Insurance Group’s Travel Insurance policies. These include Jet2, Onthebeach, Travel Republic, Insurefor, Leisure Guard and Big ... Read the full article
AXA IM names Laurent Caillot Global Chief Operating Officer
1st July 2022
AXA Investment Managers (AXA IM) has announced the appointment of Laurent Caillot as Global Chief Operating Officer (GCOO) effective 1 September 2022. He will take over the role from Godefroy de Colombe, who is set to pursue a career in a new professional sector. Based in Paris, Caillot will be a member ... Read the full article
AXA’s investments outperform PCA benchmark
30th June 2022
AXA’s new 2022 Climate and Biodiversity Report: Accelerating Transition claims that the firm is outperforming benchmarks in aligning its investments with the Paris Agreement. The firm says in the report that its corporate assets, sovereign debt, and aggregate investments had warming potentials of 3.66˚C, 1.98˚C, and 2.62˚C. This, says AXA, is ... Read the full article
New tech helping to “predict” adverse events in real-time: AXA
29th June 2022
A move towards prevention through predictive technologies will become commonplace in certain insurance sectors, according to the chief strategy and business development officer at the global insurer, AXA. The two main trends that are making insurers shift to prevention, noted Georges Desvaux, are the growing complexity of risks society faces, and ... Read the full article
AXA XL appoints London Head of US Casualty, Reinsurance
21st June 2022
AXA XL, the property & casualty and specialty risk division of global insurer AXA, has named Ian Sawyer as it’s London Head of US Casualty, Reinsurance. Within this role, he will be based in London and will be responsible for leading AXA XL’s Global Markets US Casualty team in the UK, ... Read the full article
AXA launches strategic program to build Digital Commercial Platform
16th June 2022
Global insurer AXA, has announced the launch of a strategic program to build a Digital Commercial Platform, which will aggregate different services to transform the company’s value proposition to better serve its commercial customers, in line with AXA’s Driving Progress 2023 strategic plan. The ambition of the platform is to fully ... Read the full article