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Axa XL revenues up 4% despite drop in nat-cat reinsurance exposure

Axa XL logo Stamford CT.jpg

Total revenues at Axa XL increased 4% year-on-year to EUR6.2bn ($6.5bn) for Q1, as top-line growth was partly offset by an 18% overall drop in revenue at Axa XL reinsurance due to the carrier reducing its nat-cat exposure.