Latest AXA XL Headlines

All the headlines from our AXA XL Topic Page, ordered by recency.

French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal

May 22 2020 // A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurateur’s lawyer said on Friday, potentially opening the door to a wave of...

AXA’s Wattez-Richard Receives 1st Geneva Association Women-in-Insurance Award

May 15 2020 // The first annual Geneva Association Women in Insurance Award has been presented to Garance Wattez-Richard, CEO of AXA Emerging Customers, for her work in tackling the insurance protection gap and protecting underserved...

AXA Unit to Offer Medical Consultations to Guests of French Hotel Group Accor

May 15 2020 // AXA and French hotel group Accor have formed a strategic partnership to provide medical support to guests staying at Accor’s 5000 hotels worldwide.As soon as July 2020, Accor’s guests will be able to benefit...

AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security

May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...

AXA XL Launches Virtual Risk Assessment Service Called ‘Remote Risk Dialogue’

Apr 28 2020 // AXA XL Risk Consulting has launched a new risk assessment service, Remote Risk Dialogue, to continue evaluating loss prevention across business lines amid COVID-19 restrictions.Using data captured from telephone calls, web...

AXA Announces Death of Stefan Lippe, AXA Director, Former CEO of Swiss Re

Apr 24 2020 // AXA announced the death of Stefan Lippe, 65, who has been an AXA Director since 2012, and was the former chief executive officer of Swiss Re Group.Press reports reveal he died of complications from COVID-19. Lippe spent 30...

AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units

Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review.Key proposed changes to the operating model include the creation of a single global...

QBE Taps AXA XL’s Harris as CEO, International, Succeeding Pryce

Apr 7 2020 // QBE Insurance Group has appointed Jason Harris as chief executive officer, International, succeeding Richard Pryce who is retiring at the end of this year.The role reports to Pat Regan, group chief executive officer and...

AXA XL Launches Insurance Policy for Autonomous Vehicles

Mar 20 2020 // AXA XL announced the launch of an insurance solution designed to cover the risks associated with autonomous vehicles. The offering will help companies developing or using the technology to better manage and transfer those...

Oman Insurance Considers Making Bid for AXA’s Middle East Operations

Mar 13 2020 // Oman Insurance Co. PSC is considering making a bid for the Middle Eastern operations of French insurer AXA SA, according to people familiar with the matter.The company that’s backed by Dubai-based bank Mashreq PSC is...

AXA Plans to Form $156B Asset Management Unit, Catering to Alternative Assets

Mar 11 2020 // AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets.The French insurer will divide its asset-management business in two...

Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick

Feb 20 2020 // AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the group.Gunter was previously senior vice president...

AXA Lowers 2020 Profit Guidance for XL Unit

Feb 20 2020 // French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the division, as it stepped up measures to reduce exposure to risks stemming from natural disasters that become...

Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources

Feb 18 2020 // Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people...

AXA XL Appoints Benet as Global Chief Underwriting Officer for Cyber

Feb 5 2020 // To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth Benet to the newly-created role of global chief underwriting officer for Cyber. Benet will help the insurer monitor its cyber risk portfolio and...

AXA Liabilities Managers to Acquire RenaissanceRe (UK) Limited in Runoff

Feb 4 2020 // AXA Liabilities Managers has agreed to acquire RenaissanceRe (UK) Limited, a company currently in runoff, from RenaissanceRe Holdings Ltd.Formerly known as Tokio Millennium Re (UK) Limited, the UK run-off business was...

Online Insurance Broker Policygenius Raises $100M From AXA, Others

Feb 3 2020 // Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in...

People & Places

Jan 27 2020 // Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurer, has promoted Michael Cundiff from vice president to senior vice president of Surety. Cundiff will succeed Ed Titus, who...

AXA Reviews Potential Sale of Middle Eastern Operations: Sources

Jan 24 2020 // AXA SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe’s second-largest insurer, people...

AXA XL Completes Merger of XL Insurance Co. with AXA Corporate Solutions, AXA ART

Jan 13 2020 // AXA XL announced it has successfully merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Co. SE (XLICSE).The merger, which was approved by the relevant regulatory authorities including the Central Bank of...