Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Rosenberg Settles Coding Lawsuit for $65 Million
Nov 2 2011 // Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm’s ability to manage...
Report AXA, Generali, Tokio Marine, MS&AD Submit Bids for HSBC Unit
Oct 14 2011 // European insurers AXA SA, Assicurazioni Generali SpA, Japan’s Tokio Marine and MS&AD Insurance Group are among suitors to submit first round bids for HSBC’s non-life insurance business, sources with...
XL Group Hires New York-based East Region Executive
Oct 12 2011 // Bermuda-headquartered XL Group said its insurance unit hired Michele Sansone as senior vice president and eastern regional executive, based in New York City. She will be responsible for managing XL’s property...
Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
Sep 29 2011 // European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told...
AXA Completes Sale of Canadian Operations
Sep 26 2011 // France’s AXA Group announced that it has successfully completed the sale of its Canadian operations in Property & Casualty and Life & Savings insurance to Intact Financial Corporation for a total cash...
Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable
Sep 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of the property/casualty subsidiaries of the holding company, XL Group plc,...
AXA UK Bans Lawyers’ Referral Fees; Calls for Whiplash Damage Reform
Jun 28 2011 // AXA UK has announced that it will no longer accept referral fees from personal injury lawyers and has issued a call for whiplash injury reform to eliminate fraud within the industry. The announcement noted that the company...
Porrino to Join XL Group as Executive VP, CFO
Jun 16 2011 // The XL Group plc has announced the appointment of Peter R. Porrino as Executive Vice President and Chief Financial Officer. He will join the Company in late August. He has more than 30 years of experience working in and...
Best Places AXA Canada, Intact Financial Ratings under Review
Jun 7 2011 // A.M. Best announced a number of rating actions as a result of the announcement on May 31 that that Intact Financial Corporation (IFC) has signed a definitive agreement to purchase 100 percent of the stock of AXA Canada...
Intact Financial to Acquire AXA’s Canada Operations for $2.684 Billion
Jun 1 2011 // Intact Financial Corp has agreed to buy the Canadian arm of AXA Group for C$2.6 billion ($2.684 billion) in cash in a move that will boost its premiums by more than 40 percent and diversify its product mix. The deal to...
XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million
Feb 9 2011 // The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net income attributable to ordinary shareholders in Q4 was $188.1 million, or $0.57 per ordinary share, compared to...
S&P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade
Feb 7 2011 // Standard & Poor’s Ratings Services said today that it placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on AXA Insurance Ltd. on CreditWatch with negative...
AXA Acquires 80% Interest in B&B Insurance in Belarus
Feb 1 2011 // AXA Central & Eastern Europe announced the acquisition of 80 percent of B&B Insurance, the second largest insurer in Belarus, and its largest private insurer. AXA said the acquisition is another step in its...
AXA Appoints Droesch as CEO – Gulf Region
Dec 20 2010 // The French-based AXA Group has appointed Jérôme Droesch as CEO for the Gulf region. He was previously Regional CEO for the South-West region of AXA France, and replaces Jean-Louis Laurent Josi, who has been...
AXA Sues ING in New York over 2008 Mexican Insurance Sale
Nov 30 2010 // A unit of French insurer AXA has sued an arm of Dutch insurer ING in New York state court, alleging ING misrepresented the financial health of a Mexican insurance company it sold to AXA in 2008. AXA said it has suffered...
S&P Revises Outlook on XL Group to Stable; Affirms Ratings
Nov 24 2010 // Standard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to stable from negative. S&P also affirmed its ‘A’ counterparty credit and financial strength...
AXA Seminar Details Growth, Capital Management Strategy
Nov 17 2010 // France’s AXA Group held its Autumn Investor Seminar in Paris on Monday, at which members of the insurer’s management team presented an update on its growth and capital management strategy, as well as the...
S&P Affirms AXA UK’s ‘AA-‘ Ratings; Removed from CreditWatch
Sep 27 2010 // Standard & Poor’s Ratings Services has removed its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer AXA Insurance U.K. PLC (AXAI) from CreditWatch with negative...
Australia Regulator Blocks NAB’s $12 Billion AXA Asia Pacific Bid
Sep 9 2010 // Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s...
Resolution Close to $4 Billion AXA Deal
Jun 14 2010 // Resolution said it was close to buying AXA’s British life insurance arm, kick-starting its plan to consolidate the UK life market and freeing the French insurer up to focus on high-growth Asia. Resolution, set up in...
