Axa

Axa XL shutters Dublin excess casualty unit and restructures in the US

Axa XL has closed its Dublin, Ireland based excess casualty underwriting centre and also realigned the management of its E&S primary and excess casualty units to report into overall product line heads, The Insurer can reveal.

AIG adds claims executives Miller and Chalmers

AIG is adding David Miller as chief claims officer for international and specialty, and Julie Chalmers as head of UK and EMEA claims for its General Insurance (GI) business, The Insurer can reveal.

Jefferies calls for separate disclosure of Axa’s Lloyd’s operations

Jefferies has called for improved disclosure of the financial performance of Axa’s Lloyd’s operations, suggesting a separate disclosure for its Catlin syndicates could be positive for the French insurer’s valuation.

Axa XL promotes Salter to head of risk consulting

Axa XL has promoted Jonathan Salter to head of risk consulting, effective 1 October.

Mishcon de Reya ‘actively considering’ Covid-19 group action against 12 insurers

Law firm Mishcon de Reya is considering a group action against 12 insurers in light of the High Court verdict in the Financial Conduct Authority’s test case on Covid-19 business interruption losses.

Paris court rules against Axa in restaurant BI case

French insurer Axa said on Thursday it would appeal a Paris commercial court ruling ordering it to pay five restaurant owners who had to shut during France’s coronavirus lockdowns.

Jefferies: Beazley outperforms wider Lloyd’s market; Catlin underperforms

Axa’s Catlin syndicate has likely underperformed the wider market during the first half of the year due to event cancellation losses, Jefferies has warned.

Insurtech Wax launches with Axa XL and Markel capacity

A new insurtech platform called Wax that offers coverage for watches and other luxury collectibles has been launched and has already written policies on Axa XL and Markel paper, The Insurer can reveal.

Sompo International hires Plessis from Axa XL

Brendan Plessis has left Axa XL to join Sompo International.

Florida magistrate judge says Covid-19 doesn’t cause direct physical loss

A magistrate judge in Florida has recommended the dismissal of a restaurant’s Covid-19 business interruption (BI) lawsuit against an Axa XL subsidiary, saying that there has been no direct physical loss to the property.

Regulatory approval could push Axa’s sale of Indian business into 2022: Jefferies

French insurer Axa’s planned sale of its interest in Indian carrier Bharti Axa GI to ICICI Lombard – in a deal valued at Eur521mn ($615.2mn) – could be delayed until 2022 as a result of the regulatory approval required, Jefferies analysts have said.

ICICI Lombard to buy Axa’s India non-life JV in Eur521mn deal

Axa and Bharti have entered into an agreement to sell their non-life insurance operations in India to ICICI Lombard General Insurance Company.

Axa mulls $177mn sale of Greek business to Generali: reports

Axa is reportedly mulling a sale of its Greek operations to Italian insurer Assicurazioni Generali in a move which could raise around Eur150mn ($177mn).

Axa mulls Singapore sale: reports

Axa is reportedly mulling over the sale of its Singapore business to raise funds to help pay for its $15.3bn acquisition of XL Group in 2018.

Axa XL retrenches further from London D&O/ financial lines markets citing economic downturn fears

Axa XL is further curtailing its risk appetite for D&O and other London market financial lines business, with the lead market telling brokers late last week it intends to non-renew a large part of its existing UK D&O book between now and 1 Jan 2021, The Insurer can reveal.

Axa XL: Buberl says refocused division set to show ‘fruit of its transformation’

Axa earnings calls have been largely dominated by questions about XL since the French insurer acquired the global property casualty (re)insurer in 2018.

Axa XL underlying trends ‘very positive’ despite CR miss

Axa XL’s underlying performance remains in line with its full-year earnings target of Eur1.2bn, parent company Axa has revealed, with the division set to “pick and choose” its growth opportunities in the US and Europe as it aims to capitalise on improving market conditions.

Axa share price dips after CR rises 16.9 points in Axa XL division

Axa has seen its share price dip 3.6 percent in early morning trading after reporting a group combined ratio of 101.7 percent for the first half of 2020.

Aon hires Axa XL’s London property reinsurance head Turner

Aon has recruited Axa XL’s London international property treaty head Catherine Turner to lead its UK property reinsurance team.

Axa XL unveils new Americas leadership and structure

Axa XL has rolled out the latest part of its insurance business restructure under group CEO Scott Gunter with details of its Americas leadership team, led by regional CEO Joe Tocco.

Region

Topics

Events & Conferences

Content Types

Axa