The XL acquisition will broaden AXA’s portfolio to commercial property and casualty insurance. The shift “is a way for us to escape commoditization” and provides “a real strategy that will allow us to perform in the medium to long term,” Mr.
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PARIS — French insurance giant AXA is getting even bigger with a purchase of property and casualty insurer XL Group in a deal worth more than $15 billion. Paris-based AXA said Monday that it has reached an agreement to buy all of XL.
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So the opportunity for us is there, more than ever,’ he said on Tuesday. As a group, AXA now sought to increase its share of the market, which stood at about 11 percent last year, Wehry added. The group currently has several life insurance.
Insurance company AXA plans to hire 550 new. great place to attract a talented workforce, allowing us to grow our business and better serve our customers,” Mark Pearson, chairman and CEO of AXA US, said in a statement. The.
It will see AXA speeding up its refocus away from the US market as it aims to shift towards more robust. "The future AXA will see its profile significantly rebalanced towards insurance risks and away from financial risks," Buberl said.
The future AXA will see its profile significantly rebalanced towards insurance risks and away from financial risks. “XL Group has the right geographical footprint, world-class teams with recognized expertise and is renowned for innovative.
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Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY French insurance company AXA plans to take its large US life-insurance operations public, selling shares in a.
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The impact on jobs at XL Group is expected to be limited after it is acquired by French multinational insurance. people and Axa people will be less than ordinarily in such an advanced integration, this is incredibly exciting for all of us.
Bharti AXA Life Insurance, a subsidiary of Bharti Enterprises, today appointed Vikas Seth as Chief Executive Officer (CEO). Prior to joining Bharti AXA, Seth was with the Aditya Birla Group for nearly 10 years, the company said in a.
XL Group is being bought by French multinational insurance company Axa in a $15.3 billion deal. The merger agreement has been unanimously approved by the boards of Axa and Bermudian-based XL Group. XL shareholders will receive.
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Buying XL, which sells insurance to other insurers, would bolster Axa’s casualty-coverage business in the US just as premiums rise after last year’s natural disasters. Bloomberg reported Saturday that Axa was in advanced talks on the.
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French insurance giant AXA says it is buying property and casualty insurer XL Group in a deal worth more than $15 billion in a significant expansion of its business PARIS (AP) — French insurance giant AXA is getting even bigger with a.
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