Lemonade, the New York City-based insurance company powered by artificial intelligence and behavioral economics, has launched in France. The launch marks the third EU country Lemonade has entered, following the Netherlands’ launch earlier this year, and Germany in June 2019. …
Cathay Pacific is collaborating with AXA General Insurance Hong Kong Ltd. to provide free COVID-19 coverage to all passengers. Customers who fly with Cathay Pacific from Dec. 7 to Feb. 28, 2021 will be covered for medical expenses related to …
AXA Group’s chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He says one of the greatest and most under-appreciated threats …
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The Paris-based insurer said …
AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities …
AXA said that it has completed the sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria’s UNIQA Insurance Group for a total cash consideration of Euro 1.0 billion. The …
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks to society over the next five to 10 years in a …
Insurance claims toward the massive explosion at the Port of Beirut have so far reached $425 million, according to a minister. Caretaker Economy Minister Raoul Nehme said 2,500 claims have been filed, according to the presidency’s Twitter account. The ministry …
AXA SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA, according to people familiar with the matter, as part of its plans to ditch business lines deemed surplus to requirements. The two companies and …
Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance industry sources said. Lebanese officials have …
