All the headlines from our AXA XL Topic Page, ordered by recency.
Jun 14 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc....
Jun 12 2006 // Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies.The reports from Agence...
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...