Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Receives Approval to Issue New Shares to Employees
Sep 10 2002 // AXA announced that French Regulatory Authorities (the “COB”) had given the company the green light to issue up to 35 million new shares to more than 100,000 employees in 29 countries. The shares will be priced...
AXA Confirms 17% Increase in 1st Half Operating Earnings to €1.02 Billion
Sep 3 2002 // France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876...
AXA Says Fundamentals Are Good
Jul 25 2002 // According to international insurer The AXA Group, the strong fall in the equity market over the last few months, which has impacted certain industries— including the insurance sector—is disconnected with the...
AXA Announces Decline in Embedded Value for 2001
Jun 13 2002 // France’s AXA Group announced that the giant insurer’s overall embedded value – the total of shareholders’ net assets and the value of insurance in force – fell 1.4 percent last year to...
S&P Lowers AXA General Hong Kong Rating to ‘BBpi’
Jun 12 2002 // Standard & Poor’s announced that it has lowered its public information (‘pi’) rating on AXA General Insurance Hong Kong Ltd., a subsidiary of France’s AXA Group, to double-‘Bpi’...
A.M. Best Lowers Ratings on AXA’s Corporate Solutions Units
Jun 10 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of the members of the France’s AXA Group Corporate Solutions units (AXACS). Best’s bulletin cited...
AXA To Acquire BNP’s Banque Directe
Jun 7 2002 // French insurer AXA and BNP Paribas, the country’s second largest bank, announced that they have concluded an “an agreement in principle” for the sale of BNP’s on-line banking subsidiary Banque...
AXA to Cut 700-1000 Jobs in U.K. P/C Unit Restructuring
May 15 2002 // France’s AXA announced plans to undertake a wholesale restructuring of its p/c operations in the U.K. which will eventually involve the loss of between 700 and 1000 jobs. The job cuts are aimed at stopping the losses...
AXA’s Q1 Total Revenues Rise 1.9% to $19.2 Billion
May 14 2002 // France’s AXA Group reported that consolidated revenues for the first quarter rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the prior year period, largely driven by a hefty 24.3 percent rise in...
AXA, Commerzbank May Sell Stakes in Credit Lyonnais
Apr 11 2002 // The heads of France’s AXA Group and Germany’s Commerzbank have both indicated that their company’s respective stakes in French bank Credit Lyonnais may be for sale, but that they have no immediate plans...
AXA Moves to Centralize Procurement; SP Rates Irish Sub ‘BBB’
Apr 4 2002 // France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the...
AXA Bids $73 Million for Paris Auction Business
Mar 25 2002 // France AXA Group hopes to acquire the Hôtel Drouot, the collective enterprise that runs Paris’ famous art auctions, and has bid € 82 million ($72.8 million) to for its property assets and publishing...
AXA Earnings Fall 47.6% to $1.06 Billion
Mar 15 2002 // France’s AXA Group reported lowered cash earnings of € 1.201 billion ($1.059 billion) for the year 2001, despite a 2 percent rise in gross revenues to € 74.8 billion ($65.97 billion). Like almost everyone...
Nationwide Seeks Damages from AXA Over PanEuroLife
Feb 19 2002 // Nationwide Holdings is seeking “substantial” damages from France’s AXA Group as a result of the money laundering scandal that affected PanEuroLife, a Luxembourg-based insurer which Nationwide acquired in...
AXA Group Revenues Rise 2.1% to $65.44 Billion
Feb 15 2002 // French-based AXA Group announced that its total consolidated revenues for the year 2001 were € 74.854 Billion ($65.44 billion), a 2.1 percent increase over the group’s 2000 results. Essentially AXA’s gross...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s today affirmed its “AA” long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s affirmed its “AA” longterm counterparty credit rating and insurer FSR on the operating entities of Paris-based global insurance group AXA, as well as its “A+” longterm...
AXA Plans to Expand German Coffee House Sales
Jan 23 2002 // France’s AXA Group plans to expand the sales of its insurance products in Germany through the country’s Tchibo coffee chain in a move aimed at countering the sales efforts of its three biggest rivals in...
AXA Lowers Earnings Expectations for 2001
Dec 18 2001 // France’s AXA Group estimated that, after assessing the consequences of the WTC attacks, the impact of potential permanent impairments on assets and difficult market conditions, it expected cash earnings for 2001 to...
AXA Reports 2.5% Revenue Growth to $49.4 Billion for 1st Nine Months, Despite U.S. Slowdown
Nov 14 2001 // France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite...
