Reinsurance News
AXA
AXA Tianping collaborates with Akur8 to strengthen pricing process
1st June 2022
AXA Tianping, a member of the AXA Group and one of China’s largest P&C insurers, and Akur8, an AI-driven insurance pricing technology company, have announced a collaboration. The collaboration between the two companies will further enhance AXA Tianping’s pricing process with Akur8’s high-performing AI technologies. Through this partnership, AXA Tianping’s actuaries and ... Read the full article
AXA XL promotes Brooks to CUO, Programs & Delegated Arrangement, Americas
27th May 2022
AXA XL has announced the appointment of David Brooks to the new role of Chief Underwriting Officer (CUO), Programs and Delegated Arrangement for the Americas, where he will report to Donna Nadeau, AXA XL's Chief Underwriting Officer for the Americas. The new role has been made in support of AXA XL's ... Read the full article
AXA SA gets ratings upgrade following reinsurance approval
12th May 2022
S&P Global Ratings has decided to upgrade the ratings of AXA SA, after it was granted regulatory approval to expand its business scope as an operating reinsurance company and internal reinsurer in addition to being a holding company. Specifically, S&P raised its long- and short-term issuer credit ratings on AXA ... Read the full article
AXA approved to transform holding company into internal reinsurer
11th May 2022
AXA has gained regulatory approval for its previously announced plans to transform AXA S.A., the holding company of French insurer AXA Group, into the company’s internal reinsurer via a merger with the Group’s current captive internal reinsurer. The plans were first revealed back in February 2022, with the initiative intended to ... Read the full article
AXA XL reports Q1 revenue growth to €6.2bn as nat cat reduction continues
6th May 2022
AXA XL, the property and casualty (P&C) and specialty risk division of AXA, has reported revenue growth of 4% to €6.2 billion in the first-quarter of 2022, despite a steep reduction in natural catastrophe exposure within reinsurance. French insurer and reinsurer AXA has now released its Q1 2022 results, which show ... Read the full article
AXA XL hires Snyder as VP, Senior Underwriter, Excess Casualty, Bermuda
29th April 2022
AXA XL has appointed Christine Snyder to its Bermuda Insurance Excess Casualty team as Vice President, Senior Underwriter. Within this role Snyder’s responsibilities will include delivering profitable underwriting service to clients, which will involve her developing and managing underwriting strategies for renewed and new business within AXA XL’s Excess Casualty portfolio, ... Read the full article
AXA reconfigures its board of directors
29th April 2022
AXA has appointed Antoine Gosset-Grainville and Thomas Buberl as the respective chairman and CEO of the insurer’s board of directors. The firm announced, in a statement, that the appointments follow the approval of the board of directors’ resolutions at its Annual General Meeting. Gosset-Grainville will replace Denis Duverne as chairman of ... Read the full article
AXA XL names Enrique López Torrents as Country Manager, Iberia
29th April 2022
AXA XL, the property and casualty (P&C) and specialty risk division of AXA, has announced the appointment of Enrique López Torrents as Country Manager, Iberia, effective May 9, subject to regulatory approval. Within this role, Enrique will succeed José Ramón Morales, who will be leaving AXA XL to pursue opportunities outside ... Read the full article
Allianz latest to rule out insuring East African Crude Oil Pipeline
11th April 2022
Allianz has become the seventh insurer to commit to not providing coverage to the East African Crude Oil Pipeline (EACOP). The pressure group #StopEACOP says that the insurer has sent it an email to confirm that they will not be ‘providing direct insurance’ to the project since ‘it neither meets our ... Read the full article
AXA condemns Russia’s invasion of Ukraine
28th March 2022
Since the start of Russia’s invasion of Ukraine, global insurer AXA has fully enforced all international sanctions, having stopped underwriting new insurance business, as well as all renewals, with respect to Russian owned assets located in Russia. The insurer has also stopped all new investments in Russian assets. With respect to AXA’s ... Read the full article
AXA XL names Bewlay as Chief Executive Reinsurance as Cooper steps down
9th March 2022
AXA XL, the property & casualty and specialty risk division of global insurer AXA, has named Nancy Bewlay as its new Chief Executive Reinsurance, taking over from Charles Cooper. Bewlay brings more than three decades of industry experience to the role and has held numerous senior roles at XL Catlin and ... Read the full article
AXA to transform holding company into Group’s internal reinsurer
24th February 2022
AXA S.A., the holding company of French insurer AXA Group, is to be transformed into the company's internal reinsurer via a merger with the Group's current captive internal reinsurer. Under the plans, AXA S.A. will become a licensed reinsurance entity once it has absorbed AXA Global Re, the existing captive. The idea ... Read the full article
Strong P&C performance sees AXA report 61% rise in underlying earnings for 2021
24th February 2022
Global insurer AXA has reported a 61% rise in underlying earnings for 2021 to €6.8 billion, driven by a strong performance in its property and casualty (P&C) operation and a strong underwriting result, notably at AXA XL. Across the Group, gross revenues were up by 6%, year-on-year, to more than €99.9 ... Read the full article
HSBC completes AXA Singapore purchase
14th February 2022
AXA has completed the sale of AXA Singapore to HSBC for a reported $529m. The amount being paid is less than was reported here in August, when Reinsurance News wrote that the sale was slated to be for $575m. That followed reports in January that HSBC Holdings was among the ... Read the full article
AXA makes two leadership appointments
3rd February 2022
Global insurer AXA has promoted its current Head of Investor Relations, Andrew Wallace-Barnett as Group Chief Compliance Officer, succeeding Ian Johnson who will be retiring after a 30-year career in the Group. Wallace-Barnett will report to George Stansfield, Group Deputy CEO, General Secretary, and a Member of the AXA Group Management ... Read the full article