Axa
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The auction process of the EUR615mn-revenue business could start within the next few weeks, according to Bloomberg.
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Following a recent court ruling ordering the payment of BI losses for a restaurateur, Axa will now pay others with similar wordings. -
The carrier expects pandemic-related event cancellation losses in the “mid-triple-digit-million euros” and a “material impact” from the virus on 2020 earnings.
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The CEO says he’s eager to work with the French government on a solution.
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The IDF chair calls for greater public-private collaboration in emerging markets.
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The Austrian buyer will pay 12.4x estimated 2019 net profit for the operations.
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The average pay gap improved by 0.8 points year on year, with men continuing to occupy the most senior roles.
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Gross reserves related to the former Tokio Millennium Re book were £160mn in September.
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Generali and two Austrian insurers reportedly remain in the race.
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The carrier has dropped some layers from its ILW-based ILS transaction.
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Delphine Maisonneuve also CEO of Axa Next.
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The insurer will also double green investments over the next four years.
