Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Notes 1% Gain in Full Year Revenues
Jan 28 2005 // France’s AXA Group reported from Paris that its consolidated revenues were 72.2 billion euros ($94.4 billion) for full year 2004. “On a comparable basis, revenues grew by 2 percent compared to full year...
D-Day for U.K. Insurance Industry as FSA Assumes Regulatory Control; AXA Fined $940,000
Jan 14 2005 // Today, Friday, Jan. 14, marks the long anticipated official takeover of regulatory responsibility over the U.K.’s insurance industry by the Financial Services Authority. There should be no major surprises, as the...
AXA Announces SE Asia Relief Effort; Will Match Employee Donations to $1.35 Million
Jan 5 2005 // France’s AXA Group has announced plans to aid the victims of the tsunamis that struck Southeast Asia. “Faced with the scale of human tragedy that has impacted the countries of Southeast Asia in the wake of the...
AXA New Year’s Eve Survey: Most People Stay Home
Dec 29 2004 // According to a recent survey, sponsored by international insurer and financial services provider AXA, 62 percent of respondents plan to welcome 2005 in the comfort of their own homes. Another 17 percent will celebrate the...
AXA Christmas Shopping Survey Shows Brits Spending More than Yanks
Dec 22 2004 // According to a new global survey conducted by France’s AXA Group American consumers are budgeting more for Christmas gifts this year than anyone else in the world — except the British. AXA said that the...
Wellington Completes Acquisition of AXA’s U.S. Surplus and Excess Units; Best Assigns ‘A-‘ Rating
Nov 26 2004 // The U.K.’s Wellington Underwriting plc. announced that it has completed the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company, first announced on June 25, 2004. The bulletin noted that...
Best Assigns FSR to Wellington Specialty
Nov 24 2004 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Wellington Specialty Insurance Company (Scottsdale, Ariz.) (Wellington Specialty), a...
AXA Posts $70 Billion Consolidated Revenues for 1st Nine Months of 2004
Nov 11 2004 // France’s AXA announced that its consolidated revenues for the first nine months of 2004 rose 1.1 percent on a comparable basis to 54.4 billion euros ($70.3 billion). Highlights of the report are summarized as...
Auto Data Network to Train AXA Brokers on FSA Regs
Oct 6 2004 // Auto Data Network Inc., a provider of software and real-time data to the automotive industry, announced that its U.K. subsidiary, IFAct Group Limited, has been awarded a contract by AXA to provide training and help develop...
S&P Affirms Ratings on AXA Run-off Units; Removed from CreditWatch
Sep 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on U.S.-based AXA Corporate Solutions Life Reinsurance...
CII Says AXA’s De Castries Believes Rough Times Have Strengthened the Industry
Sep 20 2004 // The U.K.’s Chartered Insurance Institute is gearing up for this year’s Insurance & Financial Services Conference, which will take place in Birmingham, Sept. 29-Oct.1. In advance of the conference the CII...
Best Downgrades AXA Re Property/Casualty
Sep 17 2004 // A.M. Best Co. has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of AXA Re Property and Casualty Insurance Company (New York, N.Y.). The rating outlook remains...
AXA Corporate Solutions Affirmed
Sep 6 2004 // A.M. Best Co. affirmed the financial strength rating of “A-” (excellent) of AXA Corporate Solutions Ins. Co. (AXA) based in New York. The rating has been removed from under review and assigned a stable...
AXA UK Names Richardson Group Business Risk Director
Aug 16 2004 // The board of AXA UK plc announced that it has approved the appointment of Ian Richardson to the board, in the newly created post of group business risk director. Richardson and his team will be responsible for operational...
AXA Closes MONY Acquisition; Best Notes ‘A+’ Rating
Jul 9 2004 // AXA Financial, Inc., announced that, “following the receipt of all required regulatory approvals and the satisfaction of all conditions in its merger agreement,” it has completed its acquisition of The MONY...
Best Places AXA Corporate Solutions Under Review Following Sale Agreement
Jul 1 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Delaware-based AXA Corporate Solutions Excess and Surplus Lines Insurance Company under review with negative...
Best Announces Rating Actions on AXA Corporate Solutions, AXA Re and Subsidiaries
Jun 22 2004 // A.M. Best Co has issued three separate bulletins concerning its ratings on several AXA Divisions. It has affirmed the financial strength rating of “A-” (Excellent) of France’s AXA Re Group; placed the...
Wellington to Acquire AXA’s U.S. Specialty Lines
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
MONY Shareholders Approve $1.5 Billion AXA Merger
May 19 2004 // Shareholders of the MONY Group have voted to approve the sale to France’s AXA Group for $1.5 billion. Under the terms of the deal, AXA Financial, AXA’s U.S. financial services unit, will acquire 100 percent of...
Best Affirms AXA Canada Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries. AXA Canada, a holding company, “whose property/casualty insurance operations throughout...
