All the headlines from our AXA XL Topic Page, ordered by recency.
Jun 7 2006 // France’s AXA Group has concluded a definitive agreement to cede its reinsurance operation – AXA Re and its subsidiaries – to Paris Re Holdings Limited. As previously reported (See IJ Website April 6...
May 11 2006 // France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows:— Life & Savings entities new business up...
May 4 2006 // AXA Art Insurance announced it is offering a $100,000 reward for credible information leading to the location, recovery and return of seven Milton Avery paintings that have been reported missing while en route from Boca...
Apr 10 2006 // France’s AXA Group acknowledged that it has received a binding offer for its reinsurance operation – AXA Re and its subsidiaries – from Paris Re Holdings Limited. As previously reported (See IJ Website...
Apr 6 2006 // According to a report in the French financial daily Les Echos the AXA Group is close to concluding a deal to sell its reinsurance activities to the Greenwich, Conn.-based investment firm Stone Point Capital. Neither AXA...
Mar 10 2006 // The London office of Standard & Poor’s Ratings Services has issued a statement indicating that it will “recognize a capital relief in its capital adequacy model for AXA Group (core insurance operating...
Mar 9 2006 // The insurance industry has become a participant in a new and unusual initiative sponsored by the United Nations World Food Program, which aims to have funds available to meet the needs of disaster victims as soon as they...
Mar 1 2006 // France’s AXA Group announced big earnings increases for the year 2005 with net profits up 12 percent to €4.173 billion ($4.98 billion). “Last year, AXA showed strong growth momentum, particularly in Life...
Jan 27 2006 // France’s AXA Group reported excellent results for the last quarter of 2005 and a full year increase in gross revenues of 6.9 percent. Overall sales rose from €67 billion ($33.72 billion) in 2004 to €71.7 billion...
Jan 19 2006 // Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and...
Nov 21 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 20 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 10 2005 // Standard & Poor’s Ratings Services announced that it has assigned its preliminary credit ratings to the €200 million asset-backed floating-rate notes to be issued by FCC SPARC, an SPE, involving the...
Nov 10 2005 // France’s AXA Group reported gross revenue increases in all of its business activities for the first 9 months of 2005. Highlights cited by the company in the report included the following: — Life & Savings...
Oct 18 2005 // Standard & Poor’s Ratings Services announced from its Paris Office that it has affirmed its “AA-” insurer financial strength ratings on French reinsurer AXA Re and its subsidiaries Compagnie...
Sep 15 2005 // AXA RE, the active reinsurer of France’s AXA Group, said the impact from Hurricane Katrina will probably result in total net losses of approximately $200 million before tax. “This estimate is net of reinsurance...
Sep 7 2005 // France’s AXA Group said in a “pre-release” statement that its net profits for the group rose by 31 percent for the period ended June 1, 2005 to 2.274 billion euros ($2.844 billion), compared to 1.733...
Jul 7 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to “a” from “a-” of AXA Re...
Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries.The rating action affects the following...
Apr 21 2005 // The Paris office of Standard & Poor’s Ratings Services has issued a statement indicating that it does not expect the proposed merger of Finaxa (not rated) into AXA (A/Stable/A-1) to affect the ratings on AXA,...