Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
AXA to Cut 700-1000 Jobs in U.K. P/C Unit Restructuring
May 15 2002 // France’s AXA announced plans to undertake a wholesale restructuring of its p/c operations in the U.K. which will eventually involve the loss of between 700 and 1000 jobs. The job cuts are aimed at stopping the losses...
AXA’s Q1 Total Revenues Rise 1.9% to $19.2 Billion
May 14 2002 // France’s AXA Group reported that consolidated revenues for the first quarter rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the prior year period, largely driven by a hefty 24.3 percent rise in...
AXA, Commerzbank May Sell Stakes in Credit Lyonnais
Apr 11 2002 // The heads of France’s AXA Group and Germany’s Commerzbank have both indicated that their company’s respective stakes in French bank Credit Lyonnais may be for sale, but that they have no immediate plans...
AXA Moves to Centralize Procurement; SP Rates Irish Sub ‘BBB’
Apr 4 2002 // France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the...
AXA Bids $73 Million for Paris Auction Business
Mar 25 2002 // France AXA Group hopes to acquire the Hôtel Drouot, the collective enterprise that runs Paris’ famous art auctions, and has bid € 82 million ($72.8 million) to for its property assets and publishing...
AXA Earnings Fall 47.6% to $1.06 Billion
Mar 15 2002 // France’s AXA Group reported lowered cash earnings of € 1.201 billion ($1.059 billion) for the year 2001, despite a 2 percent rise in gross revenues to € 74.8 billion ($65.97 billion). Like almost everyone...
Nationwide Seeks Damages from AXA Over PanEuroLife
Feb 19 2002 // Nationwide Holdings is seeking “substantial” damages from France’s AXA Group as a result of the money laundering scandal that affected PanEuroLife, a Luxembourg-based insurer which Nationwide acquired in...
AXA Group Revenues Rise 2.1% to $65.44 Billion
Feb 15 2002 // French-based AXA Group announced that its total consolidated revenues for the year 2001 were € 74.854 Billion ($65.44 billion), a 2.1 percent increase over the group’s 2000 results. Essentially AXA’s gross...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s today affirmed its “AA” long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its...
S&P Affirms AXA Group
Jan 28 2002 // Standard & Poor’s affirmed its “AA” longterm counterparty credit rating and insurer FSR on the operating entities of Paris-based global insurance group AXA, as well as its “A+” longterm...
AXA Plans to Expand German Coffee House Sales
Jan 23 2002 // France’s AXA Group plans to expand the sales of its insurance products in Germany through the country’s Tchibo coffee chain in a move aimed at countering the sales efforts of its three biggest rivals in...
AXA Lowers Earnings Expectations for 2001
Dec 18 2001 // France’s AXA Group estimated that, after assessing the consequences of the WTC attacks, the impact of potential permanent impairments on assets and difficult market conditions, it expected cash earnings for 2001 to...
AXA Reports 2.5% Revenue Growth to $49.4 Billion for 1st Nine Months, Despite U.S. Slowdown
Nov 14 2001 // France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite...
Wilcox to Retire as AXA Investor Relations Head
Nov 12 2001 // France’s AXA announced that it would reorganize its Investor Relations Department, following the announcement that longtime head Greg Wilcox will retire, effective January 1, 2002. Wilcox managed AXA’s...
National Indemnity To Insure 2002 Soccer World Cup as AXA Talks Fail
Oct 30 2001 // National Indemnity Co., a wholly owned subsidiary of the Berkshire Hathaway Group, has concluded an insurance package with FIFA, soccer football’s governing body, to insure next summer’s World Cup Finals in...
AXA, RSA To Raise Commercial Property Rates
Oct 17 2001 // France’s AXA and Britain’s Royal & Sun Alliance both announced that there would be large increases in their premium rates on commercial property coverage in the aftermath of the terrorist attacks on the...
AXA Cancels Soccer World Cup Coverage
Oct 15 2001 // France’s AXA abruptly announced that it was terminating its insurance coverage of the 2002 Soccer World Cup, scheduled to be held in Japan and Korea next May and June, following the terrorist attacks of September 11...
AXA Plans to Cut Costs by 10 %
Oct 11 2001 // France’s AXA, one of the world’s largest insurance and financial groups, announced that it would implement cost cutting measures worldwide in an effort to reduce operating and related expenses by an overall...
AXA, Allianz Raise U.S. Attack Loss Estimates, New Disaster in France
Sep 24 2001 // Both France’s AXA Group and Germany’s Allianz AG, the world’s two largest insurance groups, raised their original estimates of potential losses from the terrorist attacks of Sept. 11 in the U.S. (See IJ...
Hollywood and The Insurance Industry
Sep 17 2001 // Once upon a time in a country far, far away, a few visionaries (and yes, a few con artists) laid the foundations of the multi-billion dollar motion picture industry. It required taking considerable risks, and still does....
