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Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer

Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer

by AIP Online Bureau | Mar 27, 2024 | Breaking News!, International News, Non-Life, Reinsurance, Risk Management

Claims could total up to $4 bln, record for shipping disasterInsurance lines affected include property, marine, liabilityInternational Group of P&I marine insurers have reinsurance cover of $3.1 blnAXA lead reinsurer on first layer of IG reinsurance...

AXA explores $1.1 bln disposal of European protection businesses -sources

by AIP Online Bureau | Dec 8, 2023 | International News, Life

The transaction could include businesses in France, Italy, Spain and part of the UK, which all sit under the group’s AXA Partners division AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to...

Threat of haywire AI feeds calls for development pause, AXA Says

by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

Artificial intelligence can provide lots of benefits of society, “but obviously we need to have very clear rules that these benefits are not being abused,” Thomas Buberl, chief executive officer of Paris-based AXA, said during an interview while visiting the campus of...
Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz

by AIP Online Bureau | Oct 11, 2023 | Indian News, Life, Regulation

Bharti’s intention is to ensure that the life Insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financial investors to partner and or combine, so as continue to scale this business New Delhi: Sunil...

AXA and AIG may exit UK life biz

by AIP Online Bureau | Jul 20, 2023 | International News, Life, Reinsurance

Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
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