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AXA To Sell Its Insurance Activities In Greece To Generali
Axa to focus on organic growth without excluding M&A, CEO says
France's Axa to continue to simplify through disposals, CEO says
AXA SA (AXA) is a France-based holding company engaged in the business of financial protection. The Company's segments include Life & Savings, Property & Casualty, Asset Management , Banking and Holding companies. The Life & Savings segment's products include a range of investment and savings products, as well as Protection and Health products. The Property & Casualty segment includes a range of products, including mainly motor, household, property and general liability insurance. The Asset Management segment includes diversified asset management (including investment fund management) and related services. The Banking segment includes banking activities (retail banking, mortgage loans and savings) conducted in France, Belgium and Germany. The Holding companies segment includes all non-operational activities. It also operates through Maestro Health.
25 avenue Matignon
Non-Executive Chairman of the Board
Chief Executive Officer, Director
George E. Stansfield
Deputy Chief Executive Officer & General Secretary
Deputy Chief Executive Officer of AXA France and CEO of AXA Particuliers & IARD Entreprises
Group Chief Financial Officer
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AXA, Europe's second-biggest insurer after Allianz, said on Tuesday it would keep streamlining its business by selling assets in some countries and markets over the coming years as it seeks to boost returns.
French insurer AXA said on Tuesday it would inject around 1 billion euros ($1.2 billion) into its XL unit to strengthen the capital position of a business hit by coronavirus-related claims and costs stemming from natural catastrophes.
The CEO of AXA on Thursday expressed confidence in the French insurer's company-focused XL Group after the business reported a loss in the first half following a spike in COVID-19-related claims.
European shares dipped on Thursday as forecasts of a slower post-pandemic economic rebound in the UK hit London stock markets, while disappointing quarterly updates from Glencore and AXA weighed on broader sentiment.
French insurer AXA dropped its 2020 earnings target and added it would not make additional payouts to shareholders in the fourth quarter following a 40% decline in first-half net income.
AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark.
French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told Le Monde in an interview.
Leonardo Del Vecchio has no intention of steering Generali towards a cross-border merger with rivals AXA or Zurich as he seeks regulatory approval to double his stake in the Italian insurer's top investor Mediobanca, a source close to Del Vecchio said.
A Paris court ruled that insurer AXA must pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurateur's lawyer said on Friday, potentially opening the door to a wave of similar litigation.
A Paris commercial court has ruled that French insurer Axa will have to pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurant's lawyer said on Friday.
Axa is the latest European financial firm to say it will redeem some of its "Co-Co" bonds, providing some reassurance to investors worried this debt class could be particularly vulnerable to companies' need to conserve cash.
French insurer AXA will sell its Belgian banking business - AXA Belgium - to cooperative bank Crelan for 620 million euros ($688.51 million), the company said on Friday.
Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said.
French insurer AXA's net profit fell 17% in the first half of the year after booking charges related to the valuation of its remaining stake in Axa Equitable Holdings and the mark-to-market valuation of derivatives.
French insurer AXA said its net profit fell 17% in the first half of the year after booking charges related to the valuation of its remaining stake in Axa Equitable Holdings and the mark-to-market valuation of derivatives.
AXA said on Tuesday it had appointed Renaud Guidee, a Goldman Sachs managing director in France, as the French insurer's chief risk officer.
* ANNOUNCED ON TUESDAY THE SALE OF 40 MILLION SHARES OF COMMON STOCK OF AXA EQUITABLE HOLDINGS, INC.
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the cathedral.
Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year.
French insurer AXA's 4,300 Swiss employees mistakenly got double their normal December salaries in a Christmas surprise that quickly fell flat when they learned they would not be allowed to keep the extra cash.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.