Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study October 1, 2020 By Alexandre Rajbhandari Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases...
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...
AXA Unit to Offer Medical Consultations to Guests of French Hotel Group Accor May 15, 2020 AXA and French hotel group Accor have formed a strategic partnership to provide medical support to guests staying at Accor’s...
Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick February 20, 2020 AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who...
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...
AXA Reviews Potential Sale of Middle Eastern Operations: Sources January 24, 2020 By Jan-Henrik Förster and Dinesh Nair AXA SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl...
AXA to Sell Belgian Bank Unit to Crelan for $689.5M, Forms Bancassurance Deal October 25, 2019 AXA announced it has entered into an agreement to sell its Belgian banking operations, AXA Bank Belgium, to Crelan Bank...
AXA XL’s McGavick Looks Ahead to ‘The Golden Age of Insurance’ March 21, 2019 By L.S. Howard Mike McGavick’s turnaround experiences have led him to think carefully about changes that are needed for the insurance industry. “First,...
Thinking Past the Obvious: Former CEO of XL Group McGavick Looks Back March 21, 2019 By L.S. Howard The former chief executive officer of XL Group, Mike McGavick, admits that frequently during his career he has taken on...
AXA Reports 66% Drop in 2018 Net Profit on U.S. Unit’s IPO Costs, Natural Disasters February 21, 2019 By Inti Landauro and Matthieu Protard Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s...