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Obiz Announces Signing Of 4 New Programmes Since 2021 Start
Orange Middle East & Africa, AXA Assurance Maroc Sign Agreement To Buy Majority Stake In Dabadoc
Axa Has Completed Sale Of Its Insurance Operations In Greece
AXA SA (AXA) is a France-based holding company engaged in the business of financial protection. AXA offers a broad range of products through business segments: Life & Savings, Property & Casualty, Health, Asset Management, and Banking. Its offering covers motor, household, property and general liability insurance, banking, savings vehicles, and other investment-based products for both Personal/Individual and Commercial/Group customers, as well as health, protection, and retirement products for individual or professional customers. AXA operates in seven geographical segments: France, Europe, Asia, AXA XL, the United States, International and Transversal & Central Holdings. AXA SA is the holding company of AXA Group.
25 avenue Matignon
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
George E. Stansfield
Deputy Chief Executive Officer & General Secretary
Group Chief Financial Officer
Chief Executive Officer International & New Markets
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French insurer Axa said on Sunday that one of its businesses in Asia was hit by a ransomware attack, adding that it was investigating after some data processed in Thailand was accessed.
Axa said it expects its solvency ratio to rise further in the second quarter as the French insurer confirmed on Tuesday its 2021 forecast for company-focused insurance unit XL, which was badly hit by the COVID-19 pandemic last year.
French insurer Axa SA on Tuesday reported a 3% drop in revenue in the first quarter of the year and confirmed the 2021 guidance for its company-focused insurance unit XL which was badly hit last year by the pandemic.
Italy's biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday.
Axa SA, Europe's second-biggest insurer, beat expectations on cash and capital positions for 2020, sending its shares higher despite a slump in profit due to COVID-19 related claims.
The Biden administration told Congress last week that 18 companies including Baker Hughes and AXA Group had wound down work on Russia's Nord Stream 2 natural gas pipeline and would not be sanctioned, according to a document seen by Reuters.
AXA, Europe's second-biggest insurer after Allianz, said on Tuesday it would keep streamlining its business by selling assets in some countries and markets over the coming years as it seeks to boost returns.
AXA, Europe's second biggest insurer, has agreed to sell its insurance operations in the Gulf region to Gulf Insurance Group (GIG) for $269 million, AXA said on Monday.
French insurer AXA said on Tuesday it would inject around 1 billion euros ($1.2 billion) into its XL unit to strengthen the capital position of a business hit by coronavirus-related claims and costs stemming from natural catastrophes.
French insurer AXA reported an 8% drop in nine-months revenue on Tuesday and said it expected only a limited impact on claims from the second wave of coronavirus lockdowns.
Credit Suisse is teaming up with French group AXA to offer financial products on the Swiss bank's new digital banking app which launches next week, it said on Wednesday.
The CEO of AXA on Thursday expressed confidence in the French insurer's company-focused XL Group after the business reported a loss in the first half following a spike in COVID-19-related claims.
European shares dipped on Thursday as forecasts of a slower post-pandemic economic rebound in the UK hit London stock markets, while disappointing quarterly updates from Glencore and AXA weighed on broader sentiment.
French insurer AXA dropped its 2020 earnings target and added it would not make additional payouts to shareholders in the fourth quarter following a 40% decline in first-half net income.
AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark.
French insurer AXA <AXAF.PA> said it reduced the temperature score of its investments in 2019, bringing them closer to alignment with the targets of the Paris Agreement on climate change.
A French restaurant owner who won a court battle with Axa over lockdown-linked losses said on Tuesday he had reached a further settlement with the insurer, potentially setting the tone for payouts to other businesses facing similar insurance problems.
French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told Le Monde in an interview.
French insurer AXA said on Wednesday it would pay a 2019 dividend to shareholders, ignoring calls from EU regulators to pause the payments and conserve cash to better weather the coronavirus outbreak.
* Shares in Axa rise 9%, Generali, Zurich up 4% (Adds comments, background)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.