AXA Completes €1B Sale in Central, Eastern Europe Business to UNIQA October 16, 2020 AXA said that it has completed the sale of its life and savings, property and casualty, and pension businesses in...
Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study October 1, 2020 By Alexandre Rajbhandari Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases...
Lebanon’s Insurance Claims from Beirut Port Blast Total $425 Million, So Far August 17, 2020 By Dana Khraiche Insurance claims toward the massive explosion at the Port of Beirut have so far reached $425 million, according to a...
AXA Weighs $177 Million Sale of Greek Business to Generali August 14, 2020 By Jan-Henrik Förster and Sonia Sirletti AXA SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA, according to people familiar...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources August 10, 2020 By Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics July 21, 2020 By Alexandre Rajbhandari The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to...
Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case July 20, 2020 By Lucca de Paoli and Benjamin Robertson UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol,...