AXA SA (AXAF.PA)
The following factors could affect Italian markets on Wednesday.
April 17 French insurance company AXA SA's U.S. arm on Monday appointed Aaron Sarfatti as managing director and head of strategy for its life, retirement and wealth management businesses in the United States. (Reporting by Ahmed Farhatha)
French insurance company AXA SA on Monday appointed Aaron Sarfatti as managing director and head of strategy for its life, retirement and wealth management businesses in the United States.
PARIS French insurer AXA is restructuring its Swiss business in a move that would hit its results in the short term, but is expected to give it more financial flexibility ahead of the $15 billion acquisition of XL Group .
* But will lead to enhanced cash remittance to AXA (Updates with details, comment)
PARIS, April 10 French insurer AXA said it would restructure its Swiss arm, in a move that would result in a negative hit to net income of around 400 million Swiss francs ($418.15 million) in the first half of 2018, but produce better returns in the longer run.
MILAN Generali held out the prospect of richer returns for shareholders on Thursday after booking record annual operating profits and stronger-than-expected capital ratios.
PARIS France's AXA moved to buy Bermuda-based XL Group for $15.3 billion on Monday to create what it said would be a world leader in property and casualty insurance. | Video
* Strengthens AXA's property & casualty insurance business (Releads, adds detail, analyst and fund manager comment)
* XL GROUP LTD - IF MERGER AGREEMENT IS TERMINATED ON SPECIFIED CIRCUMSTANCES, CO TO PAY AXA SA, A FEE OF $499 MILLION - SEC FILING Source text: (http://bit.ly/2FRuIWx) Further company coverage: