Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
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...
Swiss Re Places AXA’s Osiris Mortality Securitization Program
Nov 14 2006 // Swiss Re announced the successful placement of $442 million of securities covering catastrophic mortality experience in France, Japan and the United States for the benefit of AXA Cessions. Swiss Re said it “arranged...
AXA Records Strong 9-Month Growth
Nov 9 2006 // France’s AXA Group reported gains in all sectors for the first nine months of 2006, with life and savings entities leading the way. New business volume in the sector rose 14 percent to €4.473 billion ($5.72...
Business Moves
Nov 5 2006 // USI Holdings USI Holdings Corp. received an inquiry from a private equity firm interested in acquiring all of the outstanding common stock of the company. In response, the company’s board of directors formed a...
Business Moves
Nov 5 2006 // Aon, Old Republic Insurance Co. Chicago-based Aon has taken steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would strengthen...
AXA Investor Conference Today
Oct 19 2006 // France’s AXA Group will host an investor presentation on the theme “On the road to Ambition 2012” today at 2.30 p.m., Paris time. It will cover the Group’s recent progress in its “Ambition...
AXA Acquires Alpha Insurance from Greek Bank
Oct 16 2006 // AXA has reached an agreement with Alpha Bank to acquire its insurance subsidiary Alpha Insurance for Euro 255 million. AXA and Alpha Bank, Greece’s second largest bank, have also signed a long-term exclusive...
U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
Sep 8 2006 // France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit...
AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ
Aug 17 2006 // France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific...
Preemptive plans crucial to protect art and collectibles
Jul 24 2006 // With the start of hurricane season, AXA Art Insurance issued a reminder to collectors on ways to prepare for the worst and save valued possessions and important symbols of cultural heritage. Recognizing that ensuring the...
Business Moves
Jul 24 2006 // Starr Aviation Agency, Chubb Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and...
Preemptive plans crucial to protect art and collectibles
Jul 24 2006 // With the start of hurricane season, AXA Art Insurance issued a reminder to collectors on ways to prepare for the worst and save valued possessions and important symbols of cultural heritage. Recognizing that ensuring the...
AXA Completes $5.2 Billion Capital Increase for Winterthur Purchase
Jul 11 2006 // France’s AXA Group announced the successful completion of the share capital increase with preferential subscription rights launched on June 14 to finance part of the acquisition of Winterthur (See IJ Website June...
Best Sees No Winterthur Rating Change on AXA Acquisition
Jun 16 2006 // A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the...
AXA, Credit Suisse Agree on $10 Billion Winterthur Sale
Jun 14 2006 // This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion –...
S&P Reacts to Winterthur Sale; AXA Revised to ‘Stable’; Winterthur to ‘Positive’
Jun 14 2006 // Standard & Poor’s Ratings Services reacted quickly to the announcement that AXA and Credit Suisse have reached an agreement to sell Winterthur, the Swiss bank’s insurance division to the French insurer for...
Best Affirms AXA Canada P/C Subsidiaries Ratings; Revises Outlook to ‘Stable’
Jun 14 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc....
Report AXA in Talks with Credit Suisse to Acquire Winterthur
Jun 12 2006 // Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence...
AXA Concludes Deal with Paris Re to Cede AXA RE
Jun 7 2006 // France’s AXA Group has concluded a definitive agreement to cede its reinsurance operation – AXA Re and its subsidiaries – to Paris Re Holdings Limited. As previously reported (See IJ Website April 6...
AXA Posts Strong Q1 Results
May 11 2006 // France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows: — Life & Savings entities new business up...
