All the headlines from our AXA XL Topic Page, ordered by recency.
Jul 22 2008 // ING Group reported that it has closed the sale of part of its Mexican business, Seguros ING SA de CV and subsidiaries, to AXA.ING announced this divestment in February as part of its strategy to focus on its core...
Jun 23 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Texas-based Argonaut Insurance Group and its members. Best also...
Jun 20 2008 // France’s AXA Group announced that it has completed the acquisition of 36.7 percent of the share capital of RESO GARANTIA, Russia’s second largest P&C insurer. The transaction, which was announced on...
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
May 30 2008 // France’s AXA Group reported that it is “halfway to Ambition 2012, its company-wide project launched in 2004 which aims to make AXA the preferred company of its clients, employees and shareholders.”AXA...
May 8 2008 // France’s AXA Group, Europe’s second-biggest insurer, said first-quarter group sales fell 2.7 percent to €28.066 billion ($43.46 billion) with turnover hurt by adverse foreign exchange rates and the credit...
Apr 7 2008 // Standard & Poor’s Ratings Services has assigned its ‘AA’ counterparty credit and insurer financial strength rating to German insurers DBV-Winterthur Lebensversicherung AG, DBV-Winterthur...
Mar 19 2008 // France’s AXA group announced that the Scientific Board of the AXA Research Fund has held a meeting, chaired by Ezra Suleiman, to approve the Fund’s scope of action as well as its financial support allocation...
Mar 5 2008 // AXA Advisory Holdings announced that it has made a formal offer to purchase 100 percent of the share capital of SBJ Group. The offer has been unanimously recommended by the Board of SBJ and will be submitted to its...
Feb 28 2008 // France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted...
Feb 28 2008 // When the AXA Supervisory Board met on February 27, 2008 to review AXA’s 2007 financial statements, prepared by the Management Board (see related article), its members received official confirmation that Board...
Feb 19 2008 // AXA Art, the specialty branch of France’s AXA Group that offers coverage for art works, has issued a bulletin “offering to conduct security protocol assessments of museums in its key markets. The goal is to...
Feb 19 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s...
Feb 7 2008 // France’s AXA Group announced that it has entered into an agreement to acquire its Turkish partner OYAK’s fifty percent share in AXA OYAK Holding A.S., a company they established jointly in 1999. AXA said it...
Dec 27 2007 // France’s AXA Group announced that it has reached an agreement with the shareholders of Russia’s second largest insurance agent network, Reso Garantia (RESO), to acquire a 36.7 percent stake in the company for a...
Dec 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit ratings (ICR) of “bbb” of AXA Corporate Solutions Reinsurance Company (AXA CS Re) and its...
Dec 6 2007 // AXA Corporate Solutions announced from Paris that it has acquired the consulting firm Matrix Risk Consultants Inc., based in Miamisburg, Ohio. It described the deal as part of a move to strengthen “its capacity to...
Nov 8 2007 // France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent...
Oct 18 2007 // Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten out.He...
Oct 15 2007 // A.M. Best Co. has withdrawn the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” and assigned a category NR-5 (Not Formally Followed) to Des Moines, Iowa-based...