Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Art Insurance’s Arnold to Lead New York Chapter of NAIW
Aug 12 2009 // Art insurance industry professional and director of business development at AXA Art Insurance, Jill Arnold, has been named president of the New York City Chapter of The National Association of Insurance Women (NAIW-NYC)....
PartnerRe To Acquire PARIS RE; Best Sees no Rating Change
Jul 6 2009 // Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE...
Ratings Recap: AXA Art, National Interstate, ProMutual, Clearwater
Jun 10 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of AXA Art Insurance Corporation, which is based in New York City. The outlook for both...
Best Affirms AXA (US) ‘A-‘ Ratings
May 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of New York-based AXA Insurance Company, both with stable outlooks. Best...
Ratings: AXA Seguros, Tryggingamidstödin, Thai Insurers, Swedish Club
Apr 17 2009 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ global scale long-term counterparty credit and financial strength ratings on AXA Seguros S.A. de C.V. (AXA Seguros; formerly known as...
Ratings Recap: Steamship Mutual, AXA Ireland, Hang Seng, Tapiola
Apr 8 2009 // Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings to U.K.-based marine insurer Steamship Mutual Underwriting Association...
AXA, Metlife, Prudential, China’s CIC in AIG Talks
Dec 10 2008 // Insurance firms Axa S.A., MetLife Inc. and Prudential Plc., as well as China’s sovereign wealth fund CIC, are all in talks to buy a unit of U.S. insurance firm American International Group in a deal that is likely to...
Ratings Roundup: HSBC Insurance, AXA Ireland, XL/Mangrove
Aug 11 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The...
Credit Crunch Cripples European Insurers’ Profits
Aug 7 2008 // The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European...
ING Closes Sale of Mexican Non-Core Insurance Business to AXA
Jul 22 2008 // ING Group reported that it has closed the sale of part of its Mexican business, Seguros ING SA de CV and subsidiaries, to AXA. ING announced this divestment in February as part of its strategy to focus on its core...
Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure
Jun 23 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Texas-based Argonaut Insurance Group and its members. Best also...
AXA Completes RESO GARANTIA Share Acquisition
Jun 20 2008 // France’s AXA Group announced that it has completed the acquisition of 36.7 percent of the share capital of RESO GARANTIA, Russia’s second largest P&C insurer. The transaction, which was announced on...
Ratings: Wiener Staedtische, AXA (Canada), Max Capital, Tryggingamidstödin, Aveta, Ansvar, Norwegian Hull
Jun 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener...
AXA Gives Progress Report on its ‘Ambition 2012’ Project
May 30 2008 // France’s AXA Group reported that it is “halfway to Ambition 2012, its company-wide project launched in 2004 which aims to make AXA the preferred company of its clients, employees and shareholders.” AXA...
AXA Q1 Group Sales Fall by 2.7% to $43.5 Billion
May 8 2008 // France’s AXA Group, Europe’s second-biggest insurer, said first-quarter group sales fell 2.7 percent to €28.066 billion ($43.46 billion) with turnover hurt by adverse foreign exchange rates and the credit...
Ratings Roundup: DBV-Winterthur, Sul America, PXRE, Electro Re
Apr 7 2008 // Standard & Poor’s Ratings Services has assigned its ‘AA’ counterparty credit and insurer financial strength rating to German insurers DBV-Winterthur Lebensversicherung AG, DBV-Winterthur...
AXA’s $157 Million Research Fund Looks for Recipients
Mar 19 2008 // France’s AXA group announced that the Scientific Board of the AXA Research Fund has held a meeting, chaired by Ezra Suleiman, to approve the Fund’s scope of action as well as its financial support allocation...
AXA UK Offers to Acquire SBJ Group
Mar 5 2008 // AXA Advisory Holdings announced that it has made a formal offer to purchase 100 percent of the share capital of SBJ Group. The offer has been unanimously recommended by the Board of SBJ and will be submitted to its...
AXA Earnings: Net Income up 11% to $8.55 Billion; Conference Call Today
Feb 28 2008 // France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted...
AXA’s Bébéar to Step Down
Feb 28 2008 // When the AXA Supervisory Board met on February 27, 2008 to review AXA’s 2007 financial statements, prepared by the Management Board (see related article), its members received official confirmation that Board...
