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Latest Key Developments (Source: Significant Developments)

AXA France chief Nicolas Moreau steps down
Wednesday, 18 May 2016 02:45am EDT 

Axa Sa : Says Nicolas Moreau, Chairman and CEO of AXA France and a member of the management committee of the AXA group, to leave AXA Further company coverage: [AXAF.PA] ((paris.newsroom@thomsonreuters.com; +33 1 49 49 5337)).  Full Article

Axa to sell its wrap platform business "Elevate" to Standard Life
Wednesday, 4 May 2016 02:00am EDT 

Axa SA:Says to have agreed to sell its wrap platform business "Elevate" to Standard Life.Confirms it is engaged in discussions to sell remaining UK Life & Savings assets.Says transactions would generate one-time negative net income impact of EUR 0.4 billion.Says overall amount of sale of UK Life and Savings businesses in contemplated transactions about 650 million pounds.  Full Article

Axa proposes FY 2015 dividend of EUR 1.10/share
Thursday, 25 Feb 2016 01:00am EST 

Axa SA:Says to propose a FY 2015 dividend of EUR 1.10/share, up 16 pct.  Full Article

Axa partners with Jumia to provide insurance in Africa
Monday, 8 Feb 2016 02:25am EST 

Axa SA:Axa will become the exclusive provider of insurance products and services through Jumia and other Africa Internet Group online and mobile platforms in Africa.  Full Article

Axa completes acquisition of P&C subsidiary of SulAmérica in Brazil
Monday, 28 Dec 2015 04:10pm EST 

Axa SA:Completes acquisition of SulAmérica Companhia de Seguros Gerais, risks insurance subsidiary of SulAmérica S.A., for total consideration of BRL 1,135 million.  Full Article

Ageas announces exclusive negotiations to acquire AXA SA insurance operations in Portugal
Friday, 7 Aug 2015 02:00am EDT 

Ageas SA:Announces exclusive negotiations to acquire AXA's insurance operations in Portugal.Confirms exclusive negotiations and intention to acquire AXA's share in its Portuguese insurance operations for a total consideration of 190.8 million euros.Transaction should be finalised in first half of 2016.  Full Article

Axa confirms FY 2015 financial guidance
Tuesday, 4 Aug 2015 01:00am EDT 

Axa SA:CEO Harlin said the group is confident it will achieve its FY2015 targets in its strategic plan and had completed 1.8 billion euros of the 1.9 billion in cost savings planned for this year.  Full Article

Genworth Financial Inc enters into exclusive negotiations with AXA SA to sell Lifestyle Protection Insurance business
Wednesday, 22 Jul 2015 02:45am EDT 

Genworth Financial Inc:Says that it has entered into exclusive negotiations with AXA SA after receiving an irrevocable offer to purchase its lifestyle protection insurance business.Expects to accept offer and execute an associated purchase agreement upon completion of French works council consultation process.Says sale price is expected to be about $510 million and the company will record an after-tax loss of about $310 million in the second quarter of 2015 related to expected sale and pension settlement costs.Says net proceeds from transaction, net of pension settlement costs and transaction related expenses, are estimated to be about $400 million.Says Genworth plans to use these proceeds to advance compliance with Private Mortgage Insurer Eligibility Requirements and to reduce debt levels.Says sale is expected to close by end of 2015 and is subject to other customary conditions, including requisite regulatory approvals.Barclays and Sidley Austin LLP are advising Genworth on this transaction.  Full Article

Axa announces partnership with CIB in Egypt
Sunday, 12 Jul 2015 10:40am EDT 

Axa SA:Announces a partnership with the Commercial International Bank (CIB) in Egypt.Says entered into a 10-year Life & Savings exclusive bancassurance agreement with CIB.As part of the partnership, AXA is to acquire 100 pct of Commercial International Life (CIL), the Life & Savings joint-venture between CIB (45 pct) and Legal & General (55 pct) in Egypt.Says the acquisition of CIL is for a consideration of approximately 88 million euros.  Full Article

Axa Global Life places 285 mln euro bonds
Tuesday, 28 Apr 2015 02:36am EDT 

Axa SA:Says AXA Global Life announces successful placement of 285 million euros of bonds to protect the group against extreme events in life.Two different classes of notes are placed with scheduled maturity in January 2020.Class A notes are placed for amount of 135 million euros and class B notes are placed for amount of 150 million euros.  Full Article


AXA to sell Bluefin to Marsh for 295 million pounds

PARIS AXA , France's biggest insurer, has entered into an agreement to sell its insurance broking arm Bluefin to U.S. insurer Marsh for 295 million pounds ($368.81 million).