Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA Art Offers Security Checks after Swiss Theft
Feb 19 2008 // AXA Art, the specialty branch of France’s AXA Group that offers coverage for art works, has issued a bulletin “offering to conduct security protocol assessments of museums in its key markets. The goal is to...
Rating Agencies React to AXA’s Acquisition of ING Seguros
Feb 19 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s...
AXA to Buy Out Turkish Partner
Feb 7 2008 // France’s AXA Group announced that it has entered into an agreement to acquire its Turkish partner OYAK’s fifty percent share in AXA OYAK Holding A.S., a company they established jointly in 1999. AXA said it...
AXA to Buy 36.7 % Stake in Russia’s RESO
Dec 27 2007 // France’s AXA Group announced that it has reached an agreement with the shareholders of Russia’s second largest insurance agent network, Reso Garantia (RESO), to acquire a 36.7 percent stake in the company for a...
Ratings Recap: AXA Corporate Solutions (US), First Marine, Magna
Dec 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit ratings (ICR) of “bbb” of AXA Corporate Solutions Reinsurance Company (AXA CS Re) and its...
AXA Buys Ohio’s Matrix
Dec 6 2007 // AXA Corporate Solutions announced from Paris that it has acquired the consulting firm Matrix Risk Consultants Inc., based in Miamisburg, Ohio. It described the deal as part of a move to strengthen “its capacity to...
AXA’s 9-Month Results Show Gains
Nov 8 2007 // France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent...
AXA Corporate Solutions Head Calls for Premium Stabilization
Oct 18 2007 // Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten...
Rating Recap: Valiant, AXA Insurance
Oct 15 2007 // A.M. Best Co. has withdrawn the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” and assigned a category NR-5 (Not Formally Followed) to Des Moines, Iowa-based...
AXA UK’s Richardson to Retire; Robinson Named to Post
Sep 21 2007 // AXA UK announced that Ian Richardson will retire as Group Business Risk Director of AXA UK effective Dec. 31. He will be replaced by Ian Robinson, currently the Chief Operating Officer of HSBC Insurance...
AXA Partners with Vietnam’s Bao Minh
Sep 12 2007 // France’s AXA Group announced that it has reached an agreement to establish a strategic partnership in the Vietnamese insurance market with Bao Minh Insurance Corporation, the second largest player in the Vietnamese...
AXA Completes Sale of Dutch Units
Sep 7 2007 // France’s AXA Group announced that it has successfully completed the sale of its principal Dutch insurance operations, comprising 100 percent of AXA Netherlands, Winterthur Netherlands and DBV Netherlands, for a total...
AXA 1H Net up 16% to $4.37 Billion
Aug 13 2007 // France’s AXA Group reported significant earnings increases in all of its business sectors for the first half of 2007, led by a net income gain of 16 percent to €3.2 billion ($4.372 billion). The growth figures,...
Best Lowers AXA RE Ratings
Jul 5 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of French...
Ratings Roundup: ING Canada, AXA RE Pacific (PARIS RE)
Jul 5 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc....
AXA Extends Canada Art Coverage
Jun 29 2007 // AXA’s Canadian subsidiaries have announced plans make available “a comprehensive portfolio of customized art insurance products and related services to meet the growing demands of individual art collectors,...
Ratings Recap: Travelers, Mapfre (NJ & FL), AXA Art, Progressive (debt)
Jun 19 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed...
S&P Upgrades AXA’s Core Units to ‘AA’
Jun 12 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the core subsidiaries of France’s insurance and asset management group AXA to...
S&P Rates Paris Re, Subs; Lowers CGRM Ratings to ‘A-‘
Jun 11 2007 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to PARIS RE (France) and PARIS RE Switzerland Ltd. At the same time,...
S&P Rates AXA Securitization
Jun 8 2007 // Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC),...
