AXA Weighs Offloading $2 Billion Reinsurance Arm to Cut Disaster Risk

AXA_Insurance considering sale of reinsurance co

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.

Business Insurance Roiled by Climate, Inflation

natural disasters and insurance

Business insurance has been roiled by severe weather and inflation, the same forces disrupting home insurance markets in catastrophe-prone areas of the U.S., with companies facing tougher conditions as they try to insure their properties against disaster.