Axa
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Parent Axa says the unit is on track to achieve a full-year earnings target of EUR1.2bn ($1.4bn). -
The lawyer replaces Edward Davis, who is retiring after 27 years at the business.
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Jef Van In replaces Delphine Maisonneuve, who has taken a role outside of Axa.
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The Italian carrier’s general manager returns to Axa after five years.
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$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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The incoming chair has worked for the EU and government ministers.
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The carrier increased US-exposed reinsurance limit by EUR250mn but almost halved its group aggregate.
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Parent Axa reiterates its target of EUR1.2bn of earnings at the unit this year as it unveils an ADC deal with Enstar.
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The government removes a previous cap of 49% in its budget.
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The Principles for Responsible Investment were launched in 2006, with Hannover Re, Liberty and Everest Re among other signatories.
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All major entities will implement the scheme by the end of 2021.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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