French insurer AXA has revealed plans to cease underwriting and renewing life and non-life reinsurance contracts through its US subsidiaries.
The move forms part of a bid to focus on its most profitable markets.
AXA said it would remain in the U.S. reinsurance market via its Paris-based AXA Re unit.
AXA Corporate Solutions, which has underwritten reinsurance for the company in the US, is being reorganised to focus on large risks insurance.
