The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.

Axa SA agreed to buy XL Group Ltd. for $15.3 billion in cash, the biggest-ever European acquisition of a U.S. insurer, sending its shares plunging.

Axa SA agreed to buy XL Group Ltd. for $15.3 billion in cash, the biggest-ever European acquisition of a U.S. insurer, sending its shares plunging.

Axas Belgian unit will stop selling some individual life-coverage at the start of 2017 as it focuses on offering pension insurance and property and casualty products.

Frances largest insurer plans to increase profitability through 2020 by seeking $2.4 billion of cost cuts and growing digital investments.

Axa SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming CEO Thomas Buberl when he takes the helm in September.

Axa SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of CEO to Thomas Buberl as Frances largest insurer splits its top jobs.

Axa will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor.