Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
Australia Regulator Blocks NAB’s $12 Billion AXA Asia Pacific Bid
Sep 9 2010 // Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s...
Resolution Close to $4 Billion AXA Deal
Jun 14 2010 // Resolution said it was close to buying AXA’s British life insurance arm, kick-starting its plan to consolidate the UK life market and freeing the French insurer up to focus on high-growth Asia. Resolution, set up in...
AXA Extends Talks with National Australia Bank on AXA Asia Pacific Deal
Jun 2 2010 // AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) announced that they have agreed to “extend until July 15, 2010 end of day the agreement relating to the proposed transaction...
Best Upgrades AXA Insurance Ratings to ‘A’; Outlook Stable
May 24 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of New York-based AXA...
Report: National Australia Bank to Sell Assets for $13 Billion AXA Deal
May 14 2010 // National Australia Bank, which has seen its $13 billion takeover bid for AXA Asia Pacific Holdings Ltd blocked by the competition regulator, is preparing to sell some assets to appease the government watchdog, two sources...
Report: Goldman Sachs Nears Deal for AXA’s $1 Billion Taikang Stake
May 12 2010 // An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted...
S&P Lowers AXA’s Ratings to ‘AA-‘
Apr 1 2010 // Standard & Poor’s Rating Services has lowered its long-term counterparty credit ratings and insurer financial strength ratings on the core entities of France’s AXA group to ‘AA-‘ from...
FERMA Survey Polls Commercial Buyers for Feedback to Insurers
Apr 1 2010 // The Federation of European Risk Management Associations (FERMA) announced that it is presently conducting, “a wide-ranging, risk management benchmarking survey,” aimed at compiling data to let insurers know...
AXA to Delist ADS Shares from NYSE
Mar 17 2010 // France’s AXA Group announced that it will file a Form 25 with the U.S. Securities and Exchange Commission to voluntarily delist its American Depositary Shares (ADS) from theNew York Stock Exchange. AXA said the...
European Insurers Increase Payouts, as Capital Recovers
Feb 19 2010 // Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis. AXA, Europe’s...
AMP Hints it May Improve AXA Asia Bid
Feb 18 2010 // Australia’s No.2 wealth manager AMP Ltd signaled on Thursday that it had room to improve its $11.6 billion bid for AXA Asia Pacific, but said it had yet to decide on its next move. AMP is in a bid battle with the...
AXA Asia-Pacific Returns to Profit; No Comments on Takeover Bids
Feb 17 2010 // Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion...
Australia Competition Watchdog Concerned over NAB’s AXA Apac Bid
Feb 10 2010 // Australia’s competition watchdog raised concerns on Wednesday over National Australia Bank’s (NAB) $11.6 billion bid for fund manager AXA Asia Pacific, tipping the scales toward rival bidder AMP. NAB, already...
AMP to Consider Position on $11 Billion AXA Asia Deal
Feb 8 2010 // Australian wealth manager AMP Ltd has let its exclusive deal with French insurer AXA SA expire for a joint $11 billion buy of AXA Asia Pacific Holdings, paving the way for rival bidder National Australia Bank to start...
AXA Asia Pacific Profit Upgrade Stirs Talk of Higher Bid
Jan 21 2010 // Life insurer and fund manager AXA Asia-Pacific Holdings Ltd expects to report a forecast-beating profit for 2009, putting pressure on rival bidders to raise their offers in a $12 billion battle for the company. AXA...
Ratings Recap: Berkshire H. (Notes), AXA US, Chartis PR, AGCS Marine
Jan 12 2010 // Standard & Poor’s Ratings Services has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.0 billion senior notes. The notes will have various maturity dates....
Arc Legal Dominates Irish Motorcycle Market with AXA Ireland Deal
Jan 11 2010 // Arc Legal Assistance (Arc Legal), the official legal expenses provider, now provides Motor Legal Expenses Insurance (MLEI) to 90 percent of insured motorcycles in Ireland following its appointment by AXA Insurance Ireland...
NAB Trumps AMP in $12 Billion Offer for AXA Asia-Pacific
Dec 17 2009 // National Australia Bank made a surprise trump bid for AXA Asia Pacific Holdings’ Australian and New Zealand units on Thursday, in a cash deal that would value all the target firm at around $12 billion. The bid tops...
AXA Art Insurance Appoints Pittinger as Director of Underwriting
Nov 18 2009 // Robert H. Pittinger has been appointed director of underwriting AXA Art Insurance Corporation. Pittinger brings more than 30 years of comprehensive industry expertise to the position, with experience in leadership, broker...
France’s AXA Eyes Asia Growth with Takeover Bid
Nov 9 2009 // AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia. AXA SA, Europe’s...
