Article 0 Comments Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year. Its 2018 net profit fell 66 percent from a […]
AXA CEO Thomas Buberl
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AXA to Buy Remaining 50% Stake in AXA Tianping for China Growth
Article 0 Comments AXA announced it has entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance Co. Ltd. to acquire the remaining 50 percent stake of the company. Total consideration for the acquisition of the 50 percent stake would amount to 4.6 billion […]
AXA to Complete Acquisition of XL Group Tomorrow
Article 0 Comments Axa announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd. previously announced on March 5, 2018. The Paris-based global insurer said it expects to close on the acquisition of XL Group on Sept. 12. On June 6 […]
New York Approves AXA Acquisition of XL Group
Article 0 Comments France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on Friday announced it had approved an application by AXA Group, including AXA […]
AXA Gives Under-Fire CEO Buberl a Needed Boost on Strong H1 Profits
Article 0 Comments AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. AXA, posting its first results since a disappointing partial spinoff of the French insurer’s U.S. unit, reported strong profitability across the firm and said […]
ING, AXA Form Digital Bancassurance Partnership, Offering Cover in 6 Countries
Article 0 Comments ING and AXA announced a long term and exclusive, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will provide its leading digital banking experience and AXA its expertise in innovative modular insurance products and services, […]