Axa

Axa to reward shareholders with divi increase after $15.3bn XL deal

Despite the EUR6bn that was wiped from Axa’s valuation earlier this year following its shock $15.3bn acquisition of P&C powerhouse XL Group, the “real legacy” of the transaction will be for the Paris-headquartered firm to increase its dividend pay-outs, predicts analysts at stockbrokers Jefferies.

Axa XL names Bermuda and Dublin excess casualty leaders

Axa XL has promoted Vivienne Moniz and Elaine Scully to head of excess casualty in Bermuda and Dublin respectively.

Axa XL reveals Jardine’s replacement as UK Catlin CEO

Axa XL has appointed Paul Greensmith as CEO of Catlin Underwriting Agencies and XL Catlin Insurance Company.

XL delists as Axa deal completes

Shares in XL Group have ceased trading on the New York Stock Exchange after Axa completed its $15.3bn deal to buy the Bermudian, which it says will provide “enhanced diversification and alternative capital”.

Axa receives regulatory greenlight for $15.3bn XL deal

Today is XL Group’s last day as an independent company as its new owner-to-be Axa received the final regulatory blessing to complete its $15.3bn acquisition of the NYSE-listed carrier.

Axa-XL is not about size for the sake of size: Hendrick

Axa’s acquisition of XL Group to create the industry’s largest global P&C carrier by business written is not just about scale, president and chief operating officer of XL Group, Greg Hendrick has said.

XL begins de-risking ahead of Axa takeover

XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.

Axa’s combined ratio nudges down to 95%

Axa, the soon-to-be owner of XL, saw its property and casualty combined ratio improve by 70 basis points in the first half of the year.

Axa’s legacy arm buys bulk of $69mn Emirates Re

Axa Liabilities Managers has acquired a majority stake in Dubai-based reinsurer Emirates Re, the run-off buyer announced today.

Catlin brand to remain in Lloyd’s after Axa-XL deal completes

The XL Catlin brand will continue to hang over the syndicate’s box at Lloyd’s in the wake of Axa’s $15.3bn deal to buy its parent.

Gienal to replace Blanc at the helm of Axa in the UK and Ireland

Axa has appointed Claudio Gienal to take over as chief executive of UK and Ireland.

Axa’s legacy arm takes Novae’s Hennessey

Axa Liabilities Managers has hired Novae’s former head of commutations and reinsurance claims Steve Hennessey, re-Insurance.com can reveal.

Ardonagh owners buy Axa’s health insurance broker

Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP), which together own the bulk The Ardonagh Group, have acquired Axa’s UK-based healthcare broker.

XL shareholders give Axa deal the green light

XL Group’s shareholders have approved Axa’s $15.3bn all cash offer to buy the Bermuda-domiciled firm, effectively clearing the way for the deal to go ahead.

XL unveils a spate of senior departures as it gears up for Axa takeover

XL has announced a wave of departures from its senior management team ahead of its $15.3bn takeover by Axa.

Axa’s US IPO prices well below expectations

The sale of one of Axa’s US businesses, which will be used to fund the French insurance giant’s purchase of XL Group, is likely to bring in far less than it initially expected.

Axa P&C revenues grow 2% to EUR6.3bn

French carrier Axa increased revenues at its P&C unit by 2 percent to EUR6.3bn in the first quarter as the firm geared up for its massive $15.3bn acquisition of XL Group.

Axa’s US IPO could bag up to $4.3bn for XL deal

Axa’s plan to float its US financial services business Axa Equitable Holdings could bag the French insurance giant up to $4.26bn to put toward its $15.3bn acquisition of XL Group.

Axa US IPO prep nets $3.2bn to fund XL acquisition

Axa has secured around $3.2bn of new funds from a reorganisation linked to the pending IPO of its US unit which will be put towards its $15.3bn acquisition of XL Group.

McGavick stands to gain over $150mn from Axa’s XL deal

XL Group CEO Mike McGavick could earn up to $154.3mn from the $15.4bn deal with French insurer Axa which would take his total holdings in the Bermudian to $180mn, or 1.18 percent of total equity.

Region

Topics

Events & Conferences

Content Types

Axa