Latest AXA XL Headlines

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

CII Says AXA’s De Castries Believes Rough Times Have Strengthened the Industry

Sep 20 2004 // The U.K.’s Chartered Insurance Institute is gearing up for this year’s Insurance & Financial Services Conference, which will take place in Birmingham, Sept. 29-Oct.1.In advance of the conference the CII...

Best Downgrades AXA Re Property/Casualty

Sep 17 2004 // A.M. Best Co. has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of AXA Re Property and Casualty Insurance Company (New York, N.Y.). The rating outlook remains...

AXA Corporate Solutions Affirmed

Sep 6 2004 // A.M. Best Co. affirmed the financial strength rating of “A-” (excellent) of AXA Corporate Solutions Ins. Co. (AXA) based in New York. The rating has been removed from under review and assigned a stable...

AXA UK Names Richardson Group Business Risk Director

Aug 16 2004 // The board of AXA UK plc announced that it has approved the appointment of Ian Richardson to the board, in the newly created post of group business risk director.Richardson and his team will be responsible for operational...

AXA Closes MONY Acquisition; Best Notes ‘A+’ Rating

Jul 9 2004 // AXA Financial, Inc., announced that, “following the receipt of all required regulatory approvals and the satisfaction of all conditions in its merger agreement,” it has completed its acquisition of The MONY...

Best Places AXA Corporate Solutions Under Review Following Sale Agreement

Jul 1 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Delaware-based AXA Corporate Solutions Excess and Surplus Lines Insurance Company under review with negative...

Best Announces Rating Actions on AXA Corporate Solutions, AXA Re and Subsidiaries

Jun 22 2004 // A.M. Best Co has issued three separate bulletins concerning its ratings on several AXA Divisions. It has affirmed the financial strength rating of “A-” (Excellent) of France’s AXA Re Group; placed the...

Wellington to Acquire AXA’s U.S. Specialty Lines

Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...

MONY Shareholders Approve $1.5 Billion AXA Merger

May 19 2004 // Shareholders of the MONY Group have voted to approve the sale to France’s AXA Group for $1.5 billion.Under the terms of the deal, AXA Financial, AXA’s U.S. financial services unit, will acquire 100 percent of...

Best Affirms AXA Canada Ratings

May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries.AXA Canada, a holding company, “whose property/casualty insurance operations throughout Canada...

AXA Posts 2.3% Increase in Adjusted Q1 revenues; 1.9% Decline in Reported Revenues on Euro’s Rise

May 7 2004 // In a classic “good news/bad news” situation, France’s AXA Group reported first quarter consolidated revenues of 20 billion euros ($24.1 billion), adjusted for currency fluctuations. The figure indicates a...

AXA Sues Google to Stop ‘Adwords’

Apr 27 2004 // Google, the Internet search engine, has been hailed into a French court by insurance giant AXA over its sale of “adwords” – a feature that sells ad space based on search words.According to news reports...

S&P Raises AXA Insurance (Ireland) to ‘BBB+’

Apr 1 2004 // Standard & Poor’s Ratings Services announced that it has raised its counterparty credit and insurer financial strength ratings on AXA’s Irish subsidiary, AXA Insurance Ltd. (AXA Ireland) to...

P/C Results Lift AXA Earnings

Mar 1 2004 // France’s AXA Group, Europe’s second largest insurer, reported net profits of 1 billion euros ($1.251 billion), buoyed by a strong recovery in its P/C division. The results exceeded analysts’ forecasts,...

S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings

Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...

AXA 2003 Revenues Fall to $89 Billion on Dollar Weakness

Feb 3 2004 // France’s AXA Group reported total revenues for 2003 of 71.628 billion euros ($89.18 billion) compared to 74.727 billion euros ($93 billion) in 2002. The company said the decrease reflected its decision to exit...

AXA Art Offers $116,000 Reward for Recovery of Stolen Ivories

Jan 23 2004 // AXA Art Insurance Ltd, a division of France’s AXA Group based in London, has offered a reward of up to C$150,000 (U.S.$116,000) for information leading to the recovery of the five signed ivory sculptures stolen from...

Best Lowers AXA Re and Subsidiaries to ‘A-‘

Nov 19 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Paris-based AXA Re and its core subsidiaries to A- (Excellent) from A (Excellent).The companies affected are: AXA Corporate Solutions...

Deutsche Bank Sues Allianz, AXA on Sept. 11 Building Claim

Aug 12 2003 // Deutsche Bank (DB) has filed suit against Allianz and AXA over a claim for damages to its building at 130 Liberty Street in New York City caused by the collapse of the World Trade Center towers. The suit, filed in New York...

Weak Equity Markets Hit AXA 1st Half Net Earnings, Down 75%

Aug 12 2003 // Despite a solid operating performance which saw a 6 percent rise in underlying earnings to 1.1 billion euros ($1.25 billion) France’s AXA Group posted a sharp decline in net earnings to 209 million euros ($237...