AXA CEO Thomas Buberl News

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 …

AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital

AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover targets elsewhere. The listing of a …

UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies

Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to …