All the headlines from our AXA XL Topic Page, ordered by recency.
Dec 18 2002 // AXA Konzern AG (Germany), a subsidiary of the French insurance group, is in discussions to sell its business in Austria, AXA Konzern AG (Austria) to a group of shareholders of Vienna-based UNIQA Versicherungen AG. No...
Nov 13 2002 // France’s AXA earned total revenues of Euro 56.911 billion in the first nine months of the year, compared to Euro 55.539 billion in the same period last year, a 2.5 percent increase. Factoring in exchange rate...
Oct 7 2002 // In an interview with the French financial journal La Tribune, AXA’s CEO, Henri de Castries indicated the company had no plans to raise additional capital and had sufficient funds on hand to continue its...
Sep 10 2002 // AXA announced that French Regulatory Authorities (the “COB”) had given the company the green light to issue up to 35 million new shares to more than 100,000 employees in 29 countries. The shares will be priced...
Sep 3 2002 // France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876...
Jul 25 2002 // According to international insurer The AXA Group, the strong fall in the equity market over the last few months, which has impacted certain industries— including the insurance sector—is disconnected with the...
Jun 13 2002 // France’s AXA Group announced that the giant insurer’s overall embedded value – the total of shareholders’ net assets and the value of insurance in force – fell 1.4 percent last year to...
Jun 12 2002 // Standard & Poor’s announced that it has lowered its public information (‘pi’) rating on AXA General Insurance Hong Kong Ltd., a subsidiary of France’s AXA Group, to double-‘Bpi’...
Jun 10 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of the members of the France’s AXA Group Corporate Solutions units (AXACS).Best’s bulletin cited...
Jun 7 2002 // French insurer AXA and BNP Paribas, the country’s second largest bank, announced that they have concluded an “an agreement in principle” for the sale of BNP’s on-line banking subsidiary Banque...
May 15 2002 // France’s AXA announced plans to undertake a wholesale restructuring of its p/c operations in the U.K. which will eventually involve the loss of between 700 and 1000 jobs.The job cuts are aimed at stopping the losses...
May 14 2002 // France’s AXA Group reported that consolidated revenues for the first quarter rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the prior year period, largely driven by a hefty 24.3 percent rise in...
Apr 11 2002 // The heads of France’s AXA Group and Germany’s Commerzbank have both indicated that their company’s respective stakes in French bank Credit Lyonnais may be for sale, but that they have no immediate plans...
Apr 4 2002 // France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the...
Mar 25 2002 // France AXA Group hopes to acquire the Hôtel Drouot, the collective enterprise that runs Paris’ famous art auctions, and has bid € 82 million ($72.8 million) to for its property assets and publishing...
Mar 15 2002 // France’s AXA Group reported lowered cash earnings of € 1.201 billion ($1.059 billion) for the year 2001, despite a 2 percent rise in gross revenues to € 74.8 billion ($65.97 billion).Like almost everyone...
Feb 19 2002 // Nationwide Holdings is seeking “substantial” damages from France’s AXA Group as a result of the money laundering scandal that affected PanEuroLife, a Luxembourg-based insurer which Nationwide acquired in...
Feb 15 2002 // French-based AXA Group announced that its total consolidated revenues for the year 2001 were € 74.854 Billion ($65.44 billion), a 2.1 percent increase over the group’s 2000 results.Essentially AXA’s gross...
Jan 28 2002 // Standard & Poor’s today affirmed its “AA” long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its...
Jan 28 2002 // Standard & Poor’s affirmed its “AA” longterm counterparty credit rating and insurer FSR on the operating entities of Paris-based global insurance group AXA, as well as its “A+” longterm...