AXA News

AXA to Buy Remaining 50% Stake in AXA Tianping for China Growth

AXA announced it has entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance Co. Ltd. to acquire the remaining 50 percent stake of the company. Total consideration for the acquisition of the 50 …

Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal

AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French insurer said profits …

Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers

Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and Prudential. The International Association of …

AXA Mexico Confirms Client Information, Resources Are Safe After Cyber Attack

AXA Mexico said the information and resources of its customers are safe and have not been affected by a cyber attack, which it discovered on Oct. 22. In a statement, AXA Mexico said that it had “identified anomalies in its …

AXA Cyber Attack Prompts Mexico Central Bank to Issue Security Alert

Mexico’s central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported “inconsistencies” in the cash payment matching system. Insurer AXA said in a separate statement it suffered a …

UK Self-Driving Startup Oxbotica Appoints Former Uber Executive to Board

Oxbotica, a U.K. startup whose self-driving vehicle software will help guide the European Space Agency’s Mars rover, has appointed former Uber executive Fraser Robinson to its board. Robinson served as the ride-hailing company’s head of business for Europe, the Middle …

AXA Becomes Global Insurance Partner of UK’s Liverpool Football Club

AXA becomes the “official global insurance partner” for Liverpool Football Club, which is part of the English Premier League. In addition to providing excellent global brand visibility and raising AXA’s profile among sports fans around the world, the multi-year partnership …

AXA’s Duverne Named Chairman of Insurance Development Forum, Replacing Catlin

The Insurance Development Forum (IDF) announced the appointment of Denis Duverne as chair of its Steering Committee, succeeding Stephen Catlin, effective Sept. 11, 2018. The IDF is a public-private partnership, led by a senior insurance industry executive and supported by …

AXA to Complete Acquisition of XL Group Sept. 12

Axa announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd. previously announced on March 5, 2018. The Paris-based global insurer said it expects to close on the acquisition of XL …

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 …