AXA CEO Thomas Buberl News

ING, AXA Form Digital Bancassurance Partnership, Offering Cover in 6 Countries

ING and AXA announced a long term and exclusive, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will provide its leading digital banking experience and AXA its expertise …

How AXA Wooed and Won XL Group in $15.3B Takeover Deal

AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual gathering of the …

XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA

XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that XL has entered into an agreement to be acquired by French insurer AXA. Dear Valued Partners, We wanted to let …

France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion

AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters. The French insurer is paying $57.60 …

AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …

France’s AXA to Focus on M&A in 16 Countries; Eyes Sale of Some Non-Core Assets

French insurer AXA will narrow its acquisition focus to 16 key countries and could sell some assets in markets where it lacks scale, its executives said on Tuesday. “We want to focus on fewer countries. We want to focus on …

AXA Simplifies Structure with 5 Geographies; New Management Committee Formed

AXA Group announced it is simplifying its operating model by creating five global geographies: France, Europe, the U.S., Asia, and International. In addition, it has created a single, refocused Corporate Center, which is reduced from the three layers (head office, …

AXA Rebuffs Suitors Eyeing Its Asset Management Arm

French insurer AXA has been approached by a number of players interested in doing a deal with its asset management arm, but continues to regard the business as a strategic asset, the unit’s chief executive said in an email to …

AXA’s H1 Net Income Rises 2% to $3.9B, Beating Expectations

AXA reported a stronger than expected rise in net profit for the first half of the year, helped by higher asset management and property and casualty earnings, and by lower restructuring costs. Europe’s second largest insurer said on Thursday that …

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 …