Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA, BNP Establish Partnership for Ukraine Insurance Market
Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...
AXA Launches 2nd Motor Securitization
Jun 5 2007 // France’s AXA Group has launched its second securitization of motor insurance risks based on individual motor policies underwritten by its German, Belgian, Italian and Spanish operations. AXA launched its first motor...
Ratings Roundup: CCR; PICL; AXA (Netherlands); MedQuake; Fondiaria-SAI; SNS Reeal
Jun 5 2007 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of France’s Caisse Centrale de Reassurance (CCR) with a stable outlook....
AXA First Quarter Revenues Increase in all Sectors
May 11 2007 // AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only...
Business Moves
Apr 23 2007 // Houston General Houston General Insurance Exchange plans to begin offering personal lines products — including coverage for automobiles, homes, condominiums, watercraft and personal liability — to Illinois...
AXA, Britt Paulk Partner on U.S. Aviation Program for Smaller Aircraft
Apr 10 2007 // AXA Corporate Solutions announce the launch of a new national General Aviation program for the U.S. that will be managed through a general agency relationship with Britt Paulk Insurance Agency, Inc. Together Britt Paulk...
AXA Increases Presence in Italy
Mar 26 2007 // AXA SA, France’s largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena SpA’s insurance and pensions unit for €1.15 billion ($1.54 billion) in cash. The transaction will be...
Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...
AXA to Buy Korean Direct Auto Insurer
Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase...
French Insurance Giant AXA’s 2006 Profit Rises 18%
Feb 23 2007 // French insurance giant AXA SA said Thursday that improving sales in its life insurance and asset management businesses helped lift 2006 profit 18 percent. Beating analysts’ predictions, AXA’s net income rose to...
AXA Posts Earnings Gains in all Sectors
Feb 5 2007 // France’s AXA Group joined the growing parade of big insurance companies who had a banner year in 2006. The financial services and insurance giant posted gains in all of its principal activities. Life & Savings...
AXA Ratings ‘Unaffected’ by Paris Re Sale says S&P; Comments on Guarantee
Jan 16 2007 // Standard & Poor’s Ratings Services has stated that its rating and outlook on French reinsurer AXA Re (currently “AA-“/Stable) “are unaffected by the completion of the sale of AXA Re’s...
AXA, India’s Bharti to Form P/C Group
Jan 10 2007 // Following the successful launch of their joint venture life insurance operations, France’s AXA Group and India’s Bharti Enterprises have signed a preliminary agreement to establish a joint Indian P/C...
QBE to Acquire Winterthur US from AXA for $1.16 Billion
Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...
S&P Comments on, QBE-AXA-Winterthur US Deal
Jan 5 2007 // Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based...
S&P Raises Winterthur Ratings to ‘A+’ as AXA Completes Purchase
Jan 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and financial strength ratings on Switzerland’s Winterthur Swiss Insurance Co. by two notches to “A+” from...
AXA Completes Winterthur Acquisition
Dec 26 2006 // France’s AXA Group announced that it has successfully completed the acquisition of Winterthur. AXA reached agreement with Credit Suisse to acquire 100 percent of Winterthur, the Swiss bank’s insurance division,...
AXA Completes Transfer to Paris Re
Dec 26 2006 // France’s AXA Group announced that it has completed the sale of its subsidiary AXA RE’s business to Paris Re Holdings. The transaction closed on December 21, 2006. AXA first revealed plans for the restructuring...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Washington Schedules Hearing on AXA Request to Purchase Uniguard
Nov 22 2006 // Washington’s Office of the Insurance Commissioner has scheduled a public hearing to consider a request to acquire three Washington domiciled insurers on Dec. 4. The companies are Unigard Insurance Co., Unigard...
