Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
XL Group’s Construction Business Expands West
Mar 12 2012 // XL Group plc’s North America Construction is establishing a west coast underwriting operation in San Francisco, Calif. XL is setting up its west coast presence with Michael Simone, currently executive underwriter of...
HSBC Sells General Insurance Business to AXA, QBE for $914 Million
Mar 7 2012 // HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest...
HSBC Close to $1B Insurance Sale to AXA, QBE: Reuters
Mar 1 2012 // British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about $1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia’s QBE Insurance...
Fondiaria Battle Heats up as Funds Table Offer; AXA Interested
Feb 23 2012 // The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging...
XL Group Launches Product for Construction Equipment
Feb 14 2012 // The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether...
Earnings Reports: Everest Re, XL Group
Feb 10 2012 //
Report: AXA, ACE Are Final Two Contestants for HSBC Insurance Arm
Feb 8 2012 // France’s AXA Group and ACE Limited are the final two suitors in the hunt to buy HSBC’s $1 billion general insurance business, people familiar with the matter said. HSBC, Europe’s biggest bank, started the...
XL and Affinity Team up to Cover Golf Clubs
Feb 2 2012 // XL Group’s insurance segment and Affinity Agency Group LLC have announced a joint underwriting agreement to offer The Affinity Club Links Program for private and semi-private country and golf clubs nationwide. The...
Harris Joins XL Group from Chartis as Chief Executive-International P&C
Jan 23 2012 // The insurance segment of XL Group plc announced the appointment of Jason Harris as Chief Executive of its International P&C Insurance business. He will be based in London and report to Greg Hendrick, CEO of XL’s...
AXA, Japan Post Top Best’s List of World’s Largest Insurers
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
Ratings Roundup: MAPFRE USA, AXA US,
Dec 19 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of MAPFRE USA Group following...
S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
AXA, Generali Said to Advance in HSBC General Insurance Sale
Dec 8 2011 // AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc’s planned sale of its general insurance business, sources familiar with the matter told Reuters. HSBC, Europe’s biggest...
Bank of India to Buy 51% of Bharti AXA Asset Manager
Dec 5 2011 // State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti AXA Investment Managers Pvt Ltd from the firm’s two joint venture partners. Bharti AXA Investment Managers is a...
Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit
Nov 30 2011 // Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL’s insurance segment upon the retirement of Dave Duclos, the current insurance head. Hendrick, currently XL’s...
India’s Bharti, Reliance End Talks on Insurance Joint Ventures Deal
Nov 28 2011 // Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the...
Third Quarter Earnings Reports: Alterra Capital, AXIS Capital, XL Group
Nov 3 2011 // Alterra Capital: Q3 2011 Q3 2010 Gross premiums written $386.33 mn $325.21 mn 9 months — 2011 2010 $1.578 bn $1.095 bn Net premiums earned —- $347.04 mn $342.43 mn 9 months – 2011 2010 $1.0758 bn $829.93...
AXA Rosenberg Settles Coding Lawsuit for $65 Million
Nov 2 2011 // Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm’s ability to manage...
Report AXA, Generali, Tokio Marine, MS&AD Submit Bids for HSBC Unit
Oct 14 2011 // European insurers AXA SA, Assicurazioni Generali SpA, Japan’s Tokio Marine and MS&AD Insurance Group are among suitors to submit first round bids for HSBC’s non-life insurance business, sources with...
XL Group Hires New York-based East Region Executive
Oct 12 2011 // Bermuda-headquartered XL Group said its insurance unit hired Michele Sansone as senior vice president and eastern regional executive, based in New York City. She will be responsible for managing XL’s property...
