Axa

Collapse of back-book deal raises Axa’s financial market risk

The recent collapse of Axa’s plans to offload a €16bn portfolio of German run-off life insurance policies has increased the Paris-headquartered (re)insurer’s exposure to financial market risk, according to Jefferies analysts.

Aurora partners with Axa on management liability launch

Digital commercial insurance platform Aurora has launched a management liability policy offering in partnership with Axa.

Axa scraps plans to sell €16bn German life book

Axa has pulled plans to sell its German portfolio of run-off life insurance policies to Athora Holding, with the French insurer citing a significant change in market conditions.

Axa XL Re grows 9% in Q1 as favourable P&C pricing continues

Axa XL Reinsurance grew premiums by 9 percent to €1.3bn during the first quarter of 2024, driven in part by favourable pricing impacts in property and casualty business.

UK court finds ~$10bn Russia-Ukraine aviation disputes must be heard in London

A UK high court has found that more than more than $10bn of legal claims brought by aircraft leasing companies against international (re)insurers must be heard in London rather than Moscow in a major win for lessors.

Axa Climate and Reask partner on parametric windstorm insurance

Axa Climate has penned a strategic partnership with risk data start-up Reask to develop advanced parametric windstorm insurance solutions.

Axa targets 4-6% YoY P&C underlying earnings growth through 2024-2026

Axa’s strategic plan is targeting P&C growth of four to six percent year on year alongside a reduction of two percentage points in its combined ratio, according to group CFO Alban de Mailly Nesle.

Analysts bullish on Axa’s “seismic” shift in payout policy

Equity analysts have unanimously welcomed Axa’s “seismic” change in capital management policy under CEO Thomas Buberl, who pledged to return €6bn to investors following the European insurance giant’s consensus-beating full-year earnings.

Axa increases limits across all major perils in revised group nat cat program

Axa increased limits across all major perils in its group nat cat reinsurance program for 2024 with its retentions unchanged year on year.

Axa’s Powell: Unlocking the circular economy through insurance products

Axa's group sustainability director Martin Powell has called on the insurance sector to help unlock the potential of the circular economy to help reduce greenhouse gas emissions, as well as incentivising adaptation efforts and renewable energy uptake.

Axa unveils €1.6bn share buyback and increases growth targets

Axa this morning unveiled a €1.6bn share buyback programme as it set out ambitious new growth targets in its latest three-year strategic plan.

Shareholder returns in focus as Axa, Allianz and Zurich prepare to report Q4 earnings

Later this week it will be the turn of the major European composite insurers to publish Q4 earnings, with Axa and Zurich due to report on Thursday and Allianz to follow on Friday.

Aon seeds £127mn to Axa IM carbon transition fund

Axa Investment Managers has launched a UK-domiciled global short-duration bond fund focusing on the transition to net-zero, with Aon providing £127mn in seed capital.

Japan to feature prominently in Axa's growth ambitions: Jefferies

Japan is likely to feature prominently in Axa’s upcoming strategic update, according to Jefferies, whose analysts have highlighted that the European insurance group’s existing operations alongside domestic market conditions are providing a tailwind to growth.

Insurtech Boxx and Axa partner on SME cyber mitigation solution

Cyber insurtech Boxx Insurance has partnered with European insurance giant Axa to launch a risk mitigation solution aimed at providing support to small businesses.

Howden partners with Axa Climate for Togo flood parametric insurance mechanism

Howden and Axa Climate are set to launch a parametric insurance project across three cities in Togo, including its capital of Lomé, in early 2024 to establish predetermined financing in the event of a climate disaster.

Axa P&C GWP rises to €41.8bn in 9M despite further cat reinsurance reductions

Axa delivered P&C GWP of €41.8bn for the first nine months of 2023, up 7 percent year on year thanks to the impact of favourable pricing and higher business volumes in Europe and its Axa XL Insurance unit.

Climate change tops risks globally as AI and big data climbs the 2023 ranking: Axa

Climate change has again topped the risk rankings of both experts and the general public in Axa’s annual Future Risks Report, with respondents recognising the increasing interconnectedness of risks and advocating for a global response to the current risk landscape.