Axa
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The payouts follow the contract that Mapfre signed to pay $984mn to Colombia’s utility EPM.
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Ursula Wyman joined the business on 15 November, and reports to Jon Walker, CEO of Axa Commercial.
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The UN’s Butch Bucani, speaking on Swiss Re’s COP26 panel, warned that the transition was not just about “putting a thermometer in your insurance portfolio and saying ‘it’s 1.5 degrees’”.
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The carrier will stop underwriting and investing in new upstream oil greenfield exploration projects, unless certain conditions are met.
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The carrier has said it will strengthen insurance requirements for businesses involved in deforestation.
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The inability to strike a deal sends both buyer and seller back to square one.
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The French mutual’s attempt to enter reinsurance via an acquisition has been thwarted again, according to French publication L’Argus de l’assurance.
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Axa UK has appointed David Ovenden from Willis Towers Watson as CUO for its commercial business, a role where he will be tasked to deliver pricing and underwriting programmes and oversee a continual development of underwriting capabilities.
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Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.
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The carrier has finished the sale of its 50% shareholding in Axa Gulf and 34% shareholding in Axa Cooperative Insurance Company.
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Insurers have now shelled out just over £968mn to BI policyholders in interim and final settlements.
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The company said the divestment was part of its simplification strategy.
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