Latest AXA XL Headlines

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

AXA UK’s Richardson to Retire; Robinson Named to Post

Sep 21 2007 // AXA UK announced that Ian Richardson will retire as Group Business Risk Director of AXA UK effective Dec. 31. He will be replaced by Ian Robinson, currently the Chief Operating Officer of HSBC Insurance...

AXA Partners with Vietnam’s Bao Minh

Sep 12 2007 // France’s AXA Group announced that it has reached an agreement to establish a strategic partnership in the Vietnamese insurance market with Bao Minh Insurance Corporation, the second largest player in the Vietnamese...

AXA Completes Sale of Dutch Units

Sep 7 2007 // France’s AXA Group announced that it has successfully completed the sale of its principal Dutch insurance operations, comprising 100 percent of AXA Netherlands, Winterthur Netherlands and DBV Netherlands, for a total...

AXA 1H Net up 16% to $4.37 Billion

Aug 13 2007 // France’s AXA Group reported significant earnings increases in all of its business sectors for the first half of 2007, led by a net income gain of 16 percent to €3.2 billion ($4.372 billion). The growth figures,...

Best Lowers AXA RE Ratings

Jul 5 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of French...

Ratings Roundup: ING Canada, AXA RE Pacific (PARIS RE)

Jul 5 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc....

AXA Extends Canada Art Coverage

Jun 29 2007 // AXA’s Canadian subsidiaries have announced plans make available “a comprehensive portfolio of customized art insurance products and related services to meet the growing demands of individual art collectors,...

Ratings Recap: Travelers, Mapfre (NJ & FL), AXA Art, Progressive (debt)

Jun 19 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed...

S&P Upgrades AXA’s Core Units to ‘AA’

Jun 12 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the core subsidiaries of France’s insurance and asset management group AXA to...

S&P Rates Paris Re, Subs; Lowers CGRM Ratings to ‘A-‘

Jun 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to PARIS RE (France) and PARIS RE Switzerland Ltd. At the same time,...

S&P Rates AXA Securitization

Jun 8 2007 // Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC),...

AXA, BNP Establish Partnership for Ukraine Insurance Market

Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...

AXA Launches 2nd Motor Securitization

Jun 5 2007 // France’s AXA Group has launched its second securitization of motor insurance risks based on individual motor policies underwritten by its German, Belgian, Italian and Spanish operations. AXA launched its first motor...

Ratings Roundup: CCR; PICL; AXA (Netherlands); MedQuake; Fondiaria-SAI; SNS Reeal

Jun 5 2007 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of France’s Caisse Centrale de Reassurance (CCR) with a stable outlook....

AXA First Quarter Revenues Increase in all Sectors

May 11 2007 // AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only...

Business Moves

Apr 23 2007 // Houston GeneralHouston General Insurance Exchange plans to begin offering personal lines products — including coverage for automobiles, homes, condominiums, watercraft and personal liability — to Illinois...

AXA, Britt Paulk Partner on U.S. Aviation Program for Smaller Aircraft

Apr 10 2007 // AXA Corporate Solutions announce the launch of a new national General Aviation program for the U.S. that will be managed through a general agency relationship with Britt Paulk Insurance Agency, Inc.Together Britt Paulk and...

AXA Increases Presence in Italy

Mar 26 2007 // AXA SA, France’s largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena SpA’s insurance and pensions unit for €1.15 billion ($1.54 billion) in cash.The transaction will be...

Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger

Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...

AXA to Buy Korean Direct Auto Insurer

Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer.The announcement did not state the purchase...