Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Posts 2.3% Increase in Adjusted Q1 revenues; 1.9% Decline in Reported Revenues on Euro’s Rise
May 7 2004 // In a classic “good news/bad news” situation, France’s AXA Group reported first quarter consolidated revenues of 20 billion euros ($24.1 billion), adjusted for currency fluctuations. The figure indicates a...
AXA Sues Google to Stop ‘Adwords’
Apr 27 2004 // Google, the Internet search engine, has been hailed into a French court by insurance giant AXA over its sale of “adwords” – a feature that sells ad space based on search words. According to news reports...
S&P Raises AXA Insurance (Ireland) to ‘BBB+’
Apr 1 2004 // Standard & Poor’s Ratings Services announced that it has raised its counterparty credit and insurer financial strength ratings on AXA’s Irish subsidiary, AXA Insurance Ltd. (AXA Ireland) to...
P/C Results Lift AXA Earnings
Mar 1 2004 // France’s AXA Group, Europe’s second largest insurer, reported net profits of 1 billion euros ($1.251 billion), buoyed by a strong recovery in its P/C division. The results exceeded analysts’ forecasts,...
S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings
Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...
AXA 2003 Revenues Fall to $89 Billion on Dollar Weakness
Feb 3 2004 // France’s AXA Group reported total revenues for 2003 of 71.628 billion euros ($89.18 billion) compared to 74.727 billion euros ($93 billion) in 2002. The company said the decrease reflected its decision to exit...
AXA Art Offers $116,000 Reward for Recovery of Stolen Ivories
Jan 23 2004 // AXA Art Insurance Ltd, a division of France’s AXA Group based in London, has offered a reward of up to C$150,000 (U.S.$116,000) for information leading to the recovery of the five signed ivory sculptures stolen from...
Best Lowers AXA Re and Subsidiaries to ‘A-‘
Nov 19 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Paris-based AXA Re and its core subsidiaries to A- (Excellent) from A (Excellent). The companies affected are: AXA Corporate Solutions...
Deutsche Bank Sues Allianz, AXA on Sept. 11 Building Claim
Aug 12 2003 // Deutsche Bank (DB) has filed suit against Allianz and AXA over a claim for damages to its building at 130 Liberty Street in New York City caused by the collapse of the World Trade Center towers. The suit, filed in New York...
Weak Equity Markets Hit AXA 1st Half Net Earnings, Down 75%
Aug 12 2003 // Despite a solid operating performance which saw a 6 percent rise in underlying earnings to 1.1 billion euros ($1.25 billion) France’s AXA Group posted a sharp decline in net earnings to 209 million euros ($237...
AXA Consolidated Revenues Up 3.5 Percent
Jul 30 2003 // AXA reported consolidated revenues of Euro 37.5 billion for the first half of 2003. On a comparable basis (adjusted for scope and currency changes), revenues grew by 3.5 percent compared to the same period last year. On a...
General Re Announces Purchase of AXA Konzern’s Share of Joint Venture
Jul 14 2003 // General Re Corporation announces it has purchased AXA Konzern AG’s 49.9 percent shareholding in a Luxembourg-based joint venture company which owns 12,324,090 shares, or about 58.9 percent, of Kolnische...
AXA Files Form 20-F With the SEC; Reduces Income Figures
Jul 1 2003 // France’s AXA SA announced that, following discussions, it has filed its Annual Report on Form 20-F for the year ended December 31, 2002 with the Securities and Exchange Commission. The figures were compiled using...
Best Announces Rating Actions on AXA’s Canadian Subsidiaries
May 19 2003 // A.M. Best Co. announced several ratings actions affecting the AXA Group’s Canadian subsidiary companies, affirming some ratings, and lowering others. It has affirmed the financial strength ratings of A+ (Superior) of...
AXA’s Gerard de La Martiniere to Head French Insurance Organization; Denis Duverne Elected to Board
May 14 2003 // Gerard de La Martiniere, the member of AXA’s Management Board in charge of Finance, Control and Strategy has been elected Chairman of the French Federation of Insurance Companies (F.F.S.A.), effective immediately,...
AXA Reports Q1 Total Revenues at $23.5 Billion
May 13 2003 // AXA, the Paris-based global financial and insurance group, reported slightly lower total revenues for the first quarter of 2003 of 20.431 billion Euros ($23.495 billion), down 3.3 percent in absolute terms compared to the...
AXA Shows $3.1 Billion 2002 Loss Under U.S. GAAP Rules
Apr 10 2003 // France’s AXA Group revealed a nasty surprise when it filed its consolidated financial statements with the COB, the French financial regulatory authority. Under U.S. GAAP accounting rules the group posted an overall...
AXA Group to Make Changes in Supervisory Board
Apr 9 2003 // France’s Axa Group issued a bulletin noting proposed changes in its supervisory board in advance of the planned shareholders meeting scheduled April 30. The board’s selection committee has recommended that Ezra...
Report AXA to Sell Stake in Cologne Re to General Re
Mar 31 2003 // Axa Konzern, a German subsidiary of France’s AXA Group, will reportedly sell its 49.9 percent stake in General RE-CKAG, an intermediary company controlled by Berkshire Hathaway’s General Re, that owns slightly...
Moody’s Lowers AXA’s Debt Ratings
Mar 20 2003 // Moody’s Investors Service announced that it has lowered the debt ratings of France’s AXA group to A2 from A1 for senior debt, and to A3 from A2 for subordinated and junior subordinated debt, “reflecting a...
