EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 16, 2024 By Jamie Nimmo Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens...
AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics April 3, 2024 By Alexandre Rajbhandari AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% February 22, 2024 By Mathieu Rosemain France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing...
AXA’s CEO Buberl Wants to ‘Scale Up’ Corporate Business February 8, 2024 By Alexandre Rajbhandari AXA SA’s Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm’s business insuring corporate risks in...
Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses January 30, 2024 BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution...
AXA Weighs $1.1B Disposal of European Protection Insurance Businesses: Sources December 7, 2023 By Amy-Jo Crowley and Pablo Mayo Cerqueiro AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth...
Threat of Haywire Artificial Intelligence Prompts Calls for Development Pause, AXA Says October 31, 2023 By Romaine Bostick Governments are ill-prepared for the hazards brought on by artificial intelligence and development should be paused, according to a new...
Billion-Dollar Satellite Risks Upending Space Insurance August 28, 2023 By Todd Shields and Loren Grush Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims....
AXA’s Asset Management Unit to Cut as Many as 90 Roles in Revamp August 23, 2023 AXA Investment Managers is eliminating as many as 90 roles as the French firm aims to streamline part of the...