AXA Group 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, …

Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards

Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple …

AXA Taps Telefonica’s Benjamins as CDO, Head of Data Innovation Lab

AXA has appointed Richard Benjamins as chief data officer (CDO) of the AXA Group and head of the Data Innovation Lab (DIL), effective May 2. Benjamins will report to Benoît Claveranne, chief transformation officer (CTO) and a member of the …

AXA Group Names Ariss as Head of Public Affairs & Corporate Responsibility

AXA announced that Jad Ariss, currently CEO of AXA Middle East & Africa, has been appointed group head of Public Affairs & Corporate Responsibility. He will report in his new role to George Stansfield, group general secretary and a member …

AXA’s Property Unit to Develop Tallest Skyscraper in City of London

AXA Investment Managers – Real Assets, the property unit of Europe’s largest insurer, won approval from the City of London borough to develop an office tower at 22 Bishopsgate near the skyscrapers nicknamed The Cheesegrater and The Gherkin. The 62-story …

Marie-Jeanne Appointed Chief Data Officer of AXA Group

AXA has appointed Philippe Marie-Jeanne as chief data officer (CDO) of the AXA Group, in addition to his role as head of the Data Innovation Lab. He will report to Véronique Weill, member of the AXA Group Management Committee, AXA …

AXA to Buy Charter Ping An in Philippines, Eyeing P&C Growth Opportunities

AXA Philippines announced it will acquire 100 percent of Charter Ping An Insurance Corp. from GT Capital for 45 million euros ($48.3 million). The acquisition will enable AXA Philippines to offer property & casualty insurance products, along with its current …

Economics of Climate Change, Climate Fiction and Climate Control

With fresh news out on the global economic cost of climate change, an enticing climate fiction contest and a sweet victory for this column, it would take until Christmas to individually cover it all in a bimonthly space. So I’ll …

AXA to Acquire 7% of Africa Re to Increase Pan-African Exposure

AXA has entered into an agreement to acquire a 7.15 percent stake in African Reinsurance Corporation, the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at closing would amount to USD$61 million …