Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling May 26, 2020 By Maya Nikolaeva and Sudip Kar-Gupta A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by...
French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal May 22, 2020 By Elizabeth Pineau and Maya Nikolaeva A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts April 1, 2020 By Maya Nikolaeva, Toby Sterling and Alexander Hübner European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms...
AXA Lowers 2020 Profit Guidance for XL Unit February 20, 2020 By Maya Nikolaeva and Matthieu Protard French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the...
EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow October 17, 2019 By Carolyn Cohn, Isla Binnie and Maya Nikolaeva Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a...
AXA Posts Higher-Than-Expected $7.6B Profit, Ahead of U.S. IPO February 22, 2018 By Maya Nikolaeva and Matthieu Protard French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation...
France’s AXA to Focus on M&A in 16 Countries; Eyes Sale of Some Non-Core Assets November 14, 2017 By Maya Nikolaeva and Matthieu Protard French insurer AXA will narrow its acquisition focus to 16 key countries and could sell some assets in markets where...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital May 10, 2017 By Maya Nikolaeva and Matthieu Protard AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and...
AXA Chief Rules Out Major Acquisitions Such as Generali February 23, 2017 By Maya Nikolaeva and Matthieu Protard AXA has reached a “critical size” and is ruling out major acquisitions such as Italy’s Generali, the French insurer’s chief...
State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery November 24, 2015 By Carolyn Cohn and Maya Nikolaeva Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by...