One of the world’s top insurers, AXA SA, is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter.
Tag: French insurer
Axa Profit Rises on Asset Management Growth and Premium Prices
Axa SA followed up a record-breaking year with a better-than-expected first-half profit, boosted by asset-management inflows and price increases for insurance products. The Paris-based insurer said in a statement Wednesday that first-half net income increased 3% year on year to 4.1 billion euros ($4.2 billion). In a Bloomberg survey, the average analyst estimate was 3.4… Continue reading Axa Profit Rises on Asset Management Growth and Premium Prices