All the headlines from our AXA XL Topic Page, ordered by recency.
Feb 21 2001 // Prudential PLC has appointed Mark Wood as chief executive of the company’s UK and European Insurance businesses effective June 21. At that point Wood, 47, will take over responsibilities from chairman and executive...
Feb 7 2001 // France’s AXA Group confirmed the sale of wholly owned subsidiary Banque Worms to Germany’s Deutsche Bank for an undisclosed amount. The sale, scheduled to be completed before April 15, 2001, is ” in line...
Jan 17 2001 // Nevada-based TeleMedica Insurance Management announced that AXA Courtage had agreed to underwrite “a TIM-branded family of worldwide medical insurance plans targeted to expatriates.” The plan calls for the AXA...
Jan 12 2001 // The British Consumers’ Association announced that it would not appeal a court ruling that approved AXA’s plans to distribute a portion of its “orphan assets” to policyholders, while retaining the...
Jan 4 2001 // As of January 2 AXA Financial Inc., officially ceased to be an independent company and became a wholly owned subsidiary of its French parent The AXA Group. Its shares are no longer listed on the NYSE. AXF, the...
Dec 29 2000 // France’s AXA and the Spanish financial group Banco Bilbao Vizcaya Argentaria have realigned their cross shareholdings in several joint ventures. AXA will buy out BBVA’s 30 percent stake in Spanish life insurer...
Dec 26 2000 // AXA and its wholly owned subsidiary, AXA Merger Corp. have completed their exchange offer for all outstanding shares of common stock of AXA Financial, Inc., other than shares owned by AXA and its subsidiaries and shares...
Dec 22 2000 // AXA received court approval for its plan to distribute the bulk of nearly £1.7 billion ($2.5 billion) in “Orphan Assets” from surplus profits and unclaimed life benefits to shareholders rather than policy...
Dec 19 2000 // France’s AXA Group defended its decision in a London court on Monday to payout only a portion of its subsidiary Sun Life & Provincial Holdings’ “orphan assets” to policy holders.AXA’s...
Dec 12 2000 // Two of the world’s biggest insurance companies have issued new debt securities, each totaling around $2 billion. AXA’s long-term subordinated notes were issued on terms previously announced; Allianz three year...
Nov 30 2000 // Henri de Castries, who succeeded the legendary Claude Bébéar as head of AXA last May, told the French financial newspaper Les Echos that the company’s primary focus is on growth in the financial service...
Nov 21 2000 // French insurance and financial services giant AXA announced that it is launching the sale of $1.5 billion worth of subordinated notes “to provide AXA with resources to finance its growth.” The securities, which...
Nov 14 2000 // France’s AXA Group announced that consolidated revenues had risen 28.9 percent (14 percent on a comparable basis, which reconciles currency fluctuations and accounting procedures) to a record €61.8 Billion ($53.15...
Nov 8 2000 // AXA Financial Group (AXF), the U.S. subsidiary of France’s AXA, which controls Equitable Life, Alliance Capital Management and AXA’s other U.S. interests, posted a 45 percent gain in operating earnings for the...
Nov 6 2000 // AXA Financial, the U.S. subsidiary of France’s AXA Group, announced that it had completed the sale of its investment bank unit, Donaldson, Lufkin & Jenrette to Credit Suisse First Boston. There were no...
Nov 2 2000 // The ongoing dispute between France’s AXA and its British policyholders took a new turn when a High Court judge upheld a consumer group’s right to challenge AXA’s proposed distribution of a portion of its...
Oct 19 2000 // AXA Group announced that its offer to buy out the minority shareholders of its U.S. subsidiary AXA Financial had been accepted following the unanimous recommendation of a special committee of independent directors in favor...
Oct 16 2000 // The financial strength rating (FSR) of AXA Global Risks U.S. Insurance Co., New York, was raised from “B++” to “A-” by A.M. Best Co., an action which reflects the company’s renewed focus...
Oct 3 2000 // A.M. Best’s rating service announced that it had “raised the financial strength rating of AXA Global Risks US Insurance Company, New York, to A- (Excellent) from B++ (Very Good.” Best noted that the...
Sep 27 2000 // French insurer AXA’s U.K. subsidiary Sun Life & Provincial announced plans to distribute up to £1.7 billion ($2.47 billion) in unclaimed funds to shareholders and policyholders. The amount has been accruing...