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 reports gross premiums written of €31.8 billion in Q1 2023
15th May 2023
Global re/insurer AXA has released its financial report for Q1 2023, with the company’s gross written premiums and other revenues increasing by 1% to €31.8 billion. Alban de Mailly Nesle, the Chief Financial Officer of AXA, said, “AXA performed well in the first quarter of 2023. We delivered robust growth in ... Read the full article
AXA XL names Dan Bendavid as Global Lead of Innovation
9th May 2023
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Dan Bendavid as the Global Lead – Innovation within its Operations & Technology team. In this role, Bendavid will drive AXA XL's innovation strategy and oversee a global team of experts tasked with implementing focused initiatives in ... Read the full article
Allianz, Axa and Zurich ‘successfully managed’ inflation, interest rate risk: Fitch
13th April 2023
Fitch Ratings said the three main European insurance groups – Allianz, AXA and Zurich - "successfully managed" the effects of the macroeconomic environment like high inflation and interest rates. "Allianz, AXA and Zurich successfully managed 2022’s macroeconomic challenges thanks to their very strong company profiles, rigorous risk management and sophisticated asset- ... Read the full article
AXA Climate launches new functionality on its Altitude platform
12th April 2023
AXA Climate, an entity of the AXA group dedicated to climate and environmental adaptation, has launched a new functionality on its Altitude platform, aimed at providing private equity investors with a comprehensive assessment of climate, carbon and nature related risks. The Altitude platform allows asset management companies to gain a clear ... Read the full article
AXA XL hires Lait as Senior Underwriter, Marine Liability & Ports, UK & Lloyd’s
6th April 2023
AXA XL has announced that it has appointed Adam Lait as Senior Underwriter, Marine Liability & Ports, UK & Lloyd’s. Lait’s appointment is effective immediately. In the role he will hold responsibility for developing and managing underwriting strategies for renewing and new business within AXA XL’s Marine Liability & Ports book business ... Read the full article
AXA exposure to SVB banking crisis seen as minimal: Berenberg
16th March 2023
Berenberg has reported that AXA should face relatively low exposure to the collapse of Silicon Valley Bank (SVB) and the shockwaves this crisis has sent through the banking sector. Analysts note that AXA has €66 million invested in senior bonds of Silicon Valley Bank and €300m in US regional banks, and ... Read the full article
AXA XL partners with contract intelligence platform Document Crunch
7th March 2023
AXA XL has partnered with Document Crunch to offer a Contract Review Benchmarking service for construction insurance clients in North America. According to AXA XL, this new service uses industry data on key contract terms to provide its construction insurance clients with best practices and benchmarking comparisons, supporting their risk management ... Read the full article
AXA’s reinsurance retentions rise as property quota shares grow at renewals
24th February 2023
French insurer AXA has reported a number of changes to its natural catastrophe reinsurance programme for 2023 when compared with last year, including higher retentions and a new quota share arrangement for the London Market as AXA XL Re targets further reductions in the catastrophe space. After lowering the retention in ... Read the full article
AXA grows earnings by 4% despite move away from nat cat
23rd February 2023
Global insurer AXA has reported a 4% increase in underlying earnings for 2022, which finished the year at €7.3 billion and were boosted by growth in the company’s Property and Casualty (P&C) segment despite significant reductions in natural catastrophe exposure for AXA XL Reinsurance. The firm said earnings reflected higher investment ... Read the full article
AXA renews mandate of research fund for 5 years
13th January 2023
AXA has announced that it has renewed the mandate of the AXA Research Fund for a further five years, appointing Professor Debra Roberts President of the Scientific Board of the AXA Research Fund. Since its launch in 2007, the AXA Research Fund, one of the largest scientific philanthropy initiatives in the ... Read the full article
Once again, UnitedHealth is the world’s largest insurer ranked by NPW
11th January 2023
Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article
Bernardo Serrano Lopez becomes new CEO of AXA Philippines
20th December 2022
Global insurer AXA has appointed Bernardo Serrano Lopez as new President and Chief Executive Officer of its Philippines business. Serrano Lopez joins AXA Philippines after a nine-year tenure at AXA Colpatria. Based in Colombia he most recently served as CEO of the company, which he built to become the third largest ... Read the full article
Allianz maintains position as largest European non-life insurer
14th December 2022
New data from AM Best shows that Germany’s Allianz continues to hold on to its position as the largest European non-life insurer, based on gross premiums written for 2021. Allianz topped the rating agency’s table of the 30 largest insurers, boasting GWP of €60,273 million, up 4.3% from €57,772 million in ... Read the full article
SCR ratio reduction unlikely to have significant impact: GlobalData
9th November 2022
Solvency capital requirements for UK insurers may be relaxed in the near future following the September 2022 mini budget, but according to GlobalData, findings have shown that leading UK insurers are not coming close to the existing limits. GlobalData stated that as part of the mini-budget, the current Solvency Capital Requirement ... Read the full article
AXA XL Re nat cat reduction continues to offset revenue growth
3rd November 2022
Global insurer AXA has reported that its gross revenues increased by 2% to €78.4 billion over the first nine months of 2022, as strong growth across the company’s commercial and personal lines business was offset by a reduction in natural catastrophe exposure for AXA XL Reinsurance. Overall property and casualty (P&C) ... Read the full article
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