Generali Agrees to Buy AXA’s Malaysian P/C and Life Insurance Units June 22, 2021 MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...
AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners June 10, 2021 By L.S. Howard AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage...
Ransomware Attacks Hit AXA’s Asia Units, New Zealand Health Provider May 19, 2021 By Chalida Ekvitthayavechnukul and Nick Perry BANGKOK (AP) – The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by...
Insurers Warn that Drivers May Not Understand Limits of ‘Automated’ Car Technology April 21, 2021 By Nick Carey, Paul Lienert and Tina Bellon LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell...
UN Summit to Seek Support from Insurers, Bankers to Stem Loss of Global Biodiversity April 15, 2021 By Alastair Marsh Organizers of a United Nations summit where world leaders will seek to negotiate an accord for nature akin to the...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations March 12, 2021 By Alastair Marsh and Vanessa Dezem AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights...
AXA Reports 18% Drop in Net Income During 2020 with COVID Claims of $1.8 Billion February 25, 2021 AXA reported net income of €3.16 billion (US$3.8 billion) during 2020, an 18% drop from €3.86 billion (US$4.7 billion) in...
AXA, Other Mega-Investors Seek to Avoid Portfolios with Global Warming Potential February 24, 2021 By Alastair Marsh All good money managers expect to outperform their benchmark, and by one such metric the French insurer and investor AXA...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...