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...
AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million August 3, 2023 AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of...
AIG, AXA Weighing Sales of UK Businesses: Sources July 20, 2023 By Jan-Henrik Förster and Sonia Sirletti Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar...
AXA Fund to Invest $49 Million in Brazil Reforestation Projects July 18, 2023 By Gabriel Araujo An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources July 12, 2023 By David French and Pablo Mayo Cerqueiro One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure...
UN Climate Alliance Scraps Emissions Rules for Insurers After Exodus July 6, 2023 By Tommy Wilkes The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the...
Insurers Look to Loosen UN Climate Alliance Rules After Member Exodus: Sources July 5, 2023 By Tommy Wilkes The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership...
ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears June 2, 2023 By Tommy Wilkes The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is...
Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine May 30, 2023 By Aaron Clark, Nao Sano and Alastair Marsh The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an...