AXA News

AXA to Add 550 Positions to North Carolina Location

Insurance company AXA plans to add 550 jobs in Charlotte, N.C., over the next five years, nearly doubling its local workforce. North Carolina officials announced the move May 9 after approving state tax breaks that could be worth nearly $12 …

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports directly to Thomas Buberl, CEO …

Allianz Q1 Profit Boosted by Strongest PIMCO Inflows in 4 Years

Pacific Investment Management Co., the bond manager owned by German insurer Allianz SE, saw its biggest third-party inflows in four years in the first quarter as clients flocked to Chief Investment Officer Dan Ivascyn’s PIMCO Income Fund. The firm, based in …

AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital

AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover targets elsewhere. The listing of a …

Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards

Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple categories, …

AXA Taps Telefonica’s Benjamins as CDO, Head of Data Innovation Lab

AXA has appointed Richard Benjamins as chief data officer (CDO) of the AXA Group and head of the Data Innovation Lab (DIL), effective May 2. Benjamins will report to Benoît Claveranne, chief transformation officer (CTO) and a member of the …

AXA Group Names Ariss as Head of Public Affairs & Corporate Responsibility

AXA announced that Jad Ariss, currently CEO of AXA Middle East & Africa, has been appointed group head of Public Affairs & Corporate Responsibility. He will report in his new role to George Stansfield, group general secretary and a member …

Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value

Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian …

AXA Chief Rules Out Major Acquisitions Such as Generali

AXA has reached a “critical size” and is ruling out major acquisitions such as Italy’s Generali, the French insurer’s chief executive Thomas Buberl said on Thursday. It is managing risks relating to May’s presidential election in France and raising its …

Allianz Has $3.2B to Spend on M&A, but ‘Disciplined’ Approach Is Needed

Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some investors and analysts. …