Axa
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Plus, the latest people moves and all the top news of the week. -
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The change forms part of a broader leadership reorganisation.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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Plus, the latest people moves and all the top news of the week.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke.
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Plus, the latest people moves and all the top news of the week.
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The carrier reported a below-budget cat experience, despite the California wildfires.
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The board of directors was unanimous in its decision.
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The carrier’s CoR improved across P&C, including at commercial lines-focused Axa XL.
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The new European A&H business will be led by Samia Baliad, who joins the company from Axa.
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In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.
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This puts the total cumulative cash proceeds received at $319mn.
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The carrier estimated its net Helene and Milton losses at under EUR200mn.
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The settlement was announced by DAE’s lawyer Alistair Schaff on day one of the aviation ‘mega trial’.
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Guy Van Hecke has spent the last 26 years working at Axa, starting at Axa Corporate Solutions.
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Group deputy CEO Frédéric de Courtois said the issue of inflation is “mostly behind us".
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A roundup of all the news you need today, including Enstar EU’s new CEO.
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Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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Combined ratios have improved as prices rise and investments return to profit.
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Alexander Baker was a senior PV, war and terrorism underwriter at Axa XL.
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All three carriers also announced increased dividends.
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In one deal, JC Flowers-backed broker Oneglobal and Insuterch Floodbase announced a partnership to develop parametric flood insurance across Asia.
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The segment benefited from strong demand and disciplined pricing.
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Climate change is still the number one area of concern, a study found.
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The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.
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He joins from Global Parametrics, where he was head of partnerships and business development.
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Former Brit CEO Matthew Wilson will take on a role of special adviser to the Lloyd's Council later this year, Insurance Insider understands.
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It was reported last month that Axa was believed to be preparing for a sale of Axa XL Re.
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The carrier reported premium growth across its Axa XL insurance and reinsurance business units.
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Tara Foley will be responsible for implementing Axa UK & Ireland's 2024-26 strategy, as well as leading the executive team.
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Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.
