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AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance

French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...

Axa sets first emissions goals for insurance portfolio

by AIP Online Bureau | Jul 2, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Europe’s second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021...

AXA reduces aviation war cover after Ukraine losses, sources say

by AIP Online Bureau | Jan 19, 2023 | International News, Non-Life, Reinsurance

One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...

Gen Z & millennials made nearly 70% calls to AXA’s 24X7 free mental health helpline in India

by AIP Online Bureau | Nov 3, 2022 | Indian News, Non-Life

The maximum number of calls were recorded from the 21-30 years age bracket (30%), followed closely by the 31-35 years age bracket (22%) and the 36-50 years age bracket (17%) Of the calls answered by the helpline over the past 6 months, the majority calls were from...

Global coalition with insurers devise tool to measure Workplace Mental Health

by AIP Online Bureau | Oct 4, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Workplace/Employee Benefits

The assessment, known as the Mental Health at Work Index, will score the effectiveness of an organization’s mental-health programs and recommend enhancements. The goal is to “help define what good looks like,” said Christina McCarthy, executive director of One Mind at...
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