AXA News

Amazon Weighs Formation of UK Insurance Comparison Website: Reuters

Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region’s …

AXA Gives Under-Fire CEO Buberl a Needed Boost on Strong H1 Profits

AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. AXA, posting its first results since a disappointing partial spinoff of the French insurer’s U.S. unit, reported …

U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance

New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been …

AXA, XL Choose Name for Combined P/C, Specialty Operations: ‘AXA XL’

Following the completion of the acquisition of XL Group by AXA SA – expected in the second half of 2018 – the two insurers have chosen the name of the division that will be dedicated to large property/casualty commercial lines …

Europe’s Banks Move to Greener Finance in Response to Climate Change Risks

Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s started,” said Louis Douady, head of …

Swiss Re No Longer Offers Re/Insurance to Firms with More Than 30% Coal Exposure

Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power …

AXA Belgium Partners with Online Car Repair Platform Fixico

AXA, the Paris based insurance & asset management firm, and Fixico, a platform for cosmetic car repairs, after several months of joint testing, have just started to provide AXA’s customers in Belgium with an innovative and fully-digital damage handling proposition, …

Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion

The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into …

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 …

XL Group Shareholders Give AXA Acquisition Green Light

Insurer XL Group’s shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately USD $15.3 billion, to be fully paid in cash. Under the terms of …