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The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.
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.
Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplanes black box to track how and where you drive.
{ "author": { "name": "Fabio Benedetti Valentini", "webUrl": "/author/profile/fabio-benedetti-valentini/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 10, "social": [], "articles": [ { "uri": "/2018/05/10/axas-ipo-flop-shows-investor-dismay-at-insurers-strategy/", "title": "Axa's IPO flop shows investor dismay at insurer's strategy", "byline": "Fabio Benedetti-Valentini, Alex Barinka and Katherine Chiglinsky", "kicker": "News", "prettyDate": "May 10, 2018", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/Axa-building-sign-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini-alex-barinka/", "name": "Fabio Benedetti-Valentini, Alex Barinka" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.", "body": null }, { "uri": "/2018/05/10/axas-ipo-flop-shows-investor-dismay-at-insurers-st/", "title": "Axa's IPO flop shows investor dismay at insurer's strategy", "byline": " Fabio Benedetti-Valentini, Alex Barinka and Katherine Chiglinsky ", "kicker": "News", "prettyDate": "May 10, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/05/Axa-building-sign-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini-alex-barinka/", "name": "Fabio Benedetti-Valentini, Alex Barinka" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.", "body": null }, { "uri": "/2018/03/05/axa-plunges-after-agreeing-to-buy-xl-group-for-15-3-billion/", "title": "Axa agrees to buy XL Group for $15.3 billion", "byline": "Fabio Benedetti-Valentini, Matthew Monks and Dinesh Nair", "kicker": "News", "prettyDate": "March 05, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/03/axa-flags-building-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini-matthew-monks/", "name": "Fabio Benedetti-Valentini, Matthew Monks" }, { "webUrl": "/author/profile/dinesh-nair/", "name": "Dinesh Nair" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2018/03/05/axa-plunges-after-agreeing-to-buy-xl-group-for-15/", "title": "Axa plunges after agreeing to buy XL Group for $15.3 billion", "byline": " Fabio Benedetti-Valentini, Matthew Monks and Dinesh Nair ", "kicker": "News", "prettyDate": "March 05, 2018", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/03/axa-flags-building-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini-matthew-monks/", "name": "Fabio Benedetti-Valentini, Matthew Monks" }, { "webUrl": "/author/profile/dinesh-nair/", "name": "Dinesh Nair" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2016/09/06/axa-mulls-650-insurance-job-cuts-in-belgium-in-tra/", "title": "Axa mulls 650 insurance job cuts in Belgium in ‘transformation’", "byline": "Fabio Benedetti-Valentini", "kicker": "News", "prettyDate": "September 06, 2016", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini/", "name": "Fabio Benedetti-Valentini" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2016/06/21/axa-targets-2-4-billion-cost-cuts-by-2020-weighs-a/", "title": "Axa targets $2.4 billion cost cuts by 2020, weighs acquisitions", "byline": "Fabio Benedetti-Valentini", "kicker": "News", "prettyDate": "June 21, 2016", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini/", "name": "Fabio Benedetti-Valentini" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Frances largest insurer plans to increase profitability through 2020 by seeking $2.4 billion of cost cuts and growing digital investments.", "body": null }, { "uri": "/2016/05/27/axa-sells-sunlife-unit-appoints-olivier-to-lead-pc-business/", "title": "Axa sells SunLife unit, appoints Olivier to lead P&C business", "byline": "Fabio Benedetti-Valentini", "kicker": "News", "prettyDate": "May 27, 2016", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini/", "name": "Fabio Benedetti-Valentini" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2016/03/21/axas-de-castries-to-retire-early-buberl-to-take-ce/", "title": "Axa’s De Castries to retire early, Buberl to take CEO post", "byline": "Fabio Benedetti-Valentini, David Whitehouse", "kicker": "News", "prettyDate": "March 21, 2016", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/fabio-benedetti-valentini-david-whitehouse/", "name": "Fabio Benedetti-Valentini, David Whitehouse" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2015/05/22/axa-looking-to-sell-559m-in-coal-company-holdings/", "title": "Axa looking to sell $559M in coal company holdings due to climate change concerns", "byline": "Tara Patel, Bloomberg, Fabio Benedetti-Valentini", "kicker": "News", "prettyDate": "May 22, 2015", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/tara-patel-bloomberg-fabio-benedetti-valentini/", "name": "Tara Patel, Bloomberg, Fabio Benedetti-Valentini" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "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.", "body": null }, { "uri": "/2014/12/02/usage-based-auto-insurance-to-become-market-standard/", "title": "Usage-based auto insurance to become 'market standard'", "byline": "Elisabeth Behrmann, Carolyn Bandel, Bloomberg, Fabio Benedetti-Valentini", "kicker": "News", "prettyDate": "December 02, 2014", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/elisabeth-behrmann-carolyn-bandel-bloomberg-fabio-benedetti-valentini/", "name": "Elisabeth Behrmann, Carolyn Bandel, Bloomberg, Fabio Benedetti-Valentini" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplanes black box to track how and where you drive.", "body": null } ] } }
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