Latest AXA XL Headlines

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

French Insurance Giant AXA’s 2006 Profit Rises 18%

Feb 23 2007 // French insurance giant AXA SA said Thursday that improving sales in its life insurance and asset management businesses helped lift 2006 profit 18 percent.Beating analysts’ predictions, AXA’s net income rose to...

AXA Posts Earnings Gains in all Sectors

Feb 5 2007 // France’s AXA Group joined the growing parade of big insurance companies who had a banner year in 2006. The financial services and insurance giant posted gains in all of its principal activities.Life & Savings...

AXA Ratings ‘Unaffected’ by Paris Re Sale says S&P; Comments on Guarantee

Jan 16 2007 // Standard & Poor’s Ratings Services has stated that its rating and outlook on French reinsurer AXA Re (currently “AA-“/Stable) “are unaffected by the completion of the sale of AXA Re’s...

AXA, India’s Bharti to Form P/C Group

Jan 10 2007 // Following the successful launch of their joint venture life insurance operations, France’s AXA Group and India’s Bharti Enterprises have signed a preliminary agreement to establish a joint Indian P/C...

QBE to Acquire Winterthur US from AXA for $1.16 Billion

Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...

S&P Comments on, QBE-AXA-Winterthur US Deal

Jan 5 2007 // Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based...

S&P Raises Winterthur Ratings to ‘A+’ as AXA Completes Purchase

Jan 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and financial strength ratings on Switzerland’s Winterthur Swiss Insurance Co. by two notches to “A+” from...

AXA Completes Winterthur Acquisition

Dec 26 2006 // France’s AXA Group announced that it has successfully completed the acquisition of Winterthur. AXA reached agreement with Credit Suisse to acquire 100 percent of Winterthur, the Swiss bank’s insurance division,...

AXA Completes Transfer to Paris Re

Dec 26 2006 // France’s AXA Group announced that it has completed the sale of its subsidiary AXA RE’s business to Paris Re Holdings. The transaction closed on December 21, 2006. AXA first revealed plans for the restructuring...

2006:a big year for P&C buyers and sellers of all shapes and sizes

Dec 24 2006 // JANUARYHallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...

Washington Schedules Hearing on AXA Request to Purchase Uniguard

Nov 22 2006 // Washington’s Office of the Insurance Commissioner has scheduled a public hearing to consider a request to acquire three Washington domiciled insurers on Dec. 4. The companies are Unigard Insurance Co., Unigard...

Swiss Re Places AXA’s Osiris Mortality Securitization Program

Nov 14 2006 // Swiss Re announced the successful placement of $442 million of securities covering catastrophic mortality experience in France, Japan and the United States for the benefit of AXA Cessions. Swiss Re said it “arranged...

AXA Records Strong 9-Month Growth

Nov 9 2006 // France’s AXA Group reported gains in all sectors for the first nine months of 2006, with life and savings entities leading the way. New business volume in the sector rose 14 percent to €4.473 billion ($5.72...

Business Moves

Nov 5 2006 // USI HoldingsUSI Holdings Corp. received an inquiry from a private equity firm interested in acquiring all of the outstanding common stock of the company. In response, the company’s board of directors formed a special...

Business Moves

Nov 5 2006 // Aon, Old Republic Insurance Co.Chicago-based Aon has taken steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would strengthen...

AXA Investor Conference Today

Oct 19 2006 // France’s AXA Group will host an investor presentation on the theme “On the road to Ambition 2012” today at 2.30 p.m., Paris time. It will cover the Group’s recent progress in its “Ambition...

AXA Acquires Alpha Insurance from Greek Bank

Oct 16 2006 // AXA has reached an agreement with Alpha Bank to acquire its insurance subsidiary Alpha Insurance for Euro 255 million.AXA and Alpha Bank, Greece’s second largest bank, have also signed a long-term exclusive agreement...

U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments

Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...

AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ

Aug 17 2006 // France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific...

Preemptive plans crucial to protect art and collectibles

Jul 24 2006 // With the start of hurricane season, AXA Art Insurance issued a reminder to collectors on ways to prepare for the worst and save valued possessions and important symbols of cultural heritage.Recognizing that ensuring the...