Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Courtage To Underwrite, Assist TIM Global Healthcare Plan
Jan 17 2001 // Nevada-based TeleMedica Insurance Management announced that AXA Courtage had agreed to underwrite “a TIM-branded family of worldwide medical insurance plans targeted to expatriates.” The plan calls for the AXA...
Consumer Ass’n. Abandons AXA Appeal
Jan 12 2001 // The British Consumers’ Association announced that it would not appeal a court ruling that approved AXA’s plans to distribute a portion of its “orphan assets” to policyholders, while retaining the...
AXA Completes Acquisition of AXF Minority Shares
Jan 4 2001 // As of January 2 AXA Financial Inc., officially ceased to be an independent company and became a wholly owned subsidiary of its French parent The AXA Group. Its shares are no longer listed on the NYSE. AXF, the...
AXA, BBVA Realign Spanish Shareholdings
Dec 29 2000 // France’s AXA and the Spanish financial group Banco Bilbao Vizcaya Argentaria have realigned their cross shareholdings in several joint ventures. AXA will buy out BBVA’s 30 percent stake in Spanish life insurer...
AXA, AXA Merger Complete Exchange Offer for AXA
Dec 26 2000 // AXA and its wholly owned subsidiary, AXA Merger Corp. have completed their exchange offer for all outstanding shares of common stock of AXA Financial, Inc., other than shares owned by AXA and its subsidiaries and shares...
Court Approves AXA’s “Orphan Assets” Plan
Dec 22 2000 // AXA received court approval for its plan to distribute the bulk of nearly £1.7 billion ($2.5 billion) in “Orphan Assets” from surplus profits and unclaimed life benefits to shareholders rather than policy...
AXA Defends Orphan Assets Payout Plan
Dec 19 2000 // France’s AXA Group defended its decision in a London court on Monday to payout only a portion of its subsidiary Sun Life & Provincial Holdings’ “orphan assets” to policy holders. AXA’s...
AXA, Allianz Offer Debt Securities
Dec 12 2000 // Two of the world’s biggest insurance companies have issued new debt securities, each totaling around $2 billion. AXA’s long-term subordinated notes were issued on terms previously announced; Allianz three year...
De Castries Says AXA Seeeks Financial Sector Growth
Nov 30 2000 // Henri de Castries, who succeeded the legendary Claude Bébéar as head of AXA last May, told the French financial newspaper Les Echos that the company’s primary focus is on growth in the financial service...
AXA Launches Long-term Debt Financing
Nov 21 2000 // French insurance and financial services giant AXA announced that it is launching the sale of $1.5 billion worth of subordinated notes “to provide AXA with resources to finance its growth.” The securities, which...
AXA Posts Record $53 Billion Consolidated Revenue for 1st Nine Months
Nov 14 2000 // France’s AXA Group announced that consolidated revenues had risen 28.9 percent (14 percent on a comparable basis, which reconciles currency fluctuations and accounting procedures) to a record €61.8 Billion ($53.15...
AXF Posts 45% 3rd Quarter Gain
Nov 8 2000 // AXA Financial Group (AXF), the U.S. subsidiary of France’s AXA, which controls Equitable Life, Alliance Capital Management and AXA’s other U.S. interests, posted a 45 percent gain in operating earnings for the...
AXA Closes Sale of DLJ to CSFB
Nov 6 2000 // AXA Financial, the U.S. subsidiary of France’s AXA Group, announced that it had completed the sale of its investment bank unit, Donaldson, Lufkin & Jenrette to Credit Suisse First Boston. There were no...
AXA Challenged on Funds Distribution
Nov 2 2000 // The ongoing dispute between France’s AXA and its British policyholders took a new turn when a High Court judge upheld a consumer group’s right to challenge AXA’s proposed distribution of a portion of its...
AXA Reaches Agreement to Acquire AXA Financial
Oct 19 2000 // AXA Group announced that its offer to buy out the minority shareholders of its U.S. subsidiary AXA Financial had been accepted following the unanimous recommendation of a special committee of independent directors in favor...
AXA Global Risks Upgraded
Oct 16 2000 // The financial strength rating (FSR) of AXA Global Risks U.S. Insurance Co., New York, was raised from “B++” to “A-” by A.M. Best Co., an action which reflects the company’s renewed focus...
A.M. Best Ups AXA Global Risks Rating
Oct 3 2000 // A.M. Best’s rating service announced that it had “raised the financial strength rating of AXA Global Risks US Insurance Company, New York, to A- (Excellent) from B++ (Very Good.” Best noted that the...
AXA To Distribute Surplus Funds in U.K.
Sep 27 2000 // French insurer AXA’s U.K. subsidiary Sun Life & Provincial announced plans to distribute up to £1.7 billion ($2.47 billion) in unclaimed funds to shareholders and policyholders. The amount has been accruing...
AXA Posts 28.8 Percent Gain in Gross Revenue for 1st Half
Sep 21 2000 // Following a strong performance by its U.S. Financial Unit, AXA Financial, the French Group posted a net increase of 28.8 percent for its consolidated revenues to € 41 billion ($34.85 billion) for the first half of...
AXA Moves to Strengthen Core Business After Sale of DLJ
Sep 18 2000 // At the end of August, AXA Financial (AXF), the unit of France’s AXA Group that controls its U.S. subsidiaries, agreed to sell its 71 percent stake in the investment bank Donaldson Lufkin and Jenrette (DLJ) to Credit...
