AXA News – Page 6
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News
Axa chief financial officer moves to MS Amlin Insurance SE
The hire has 25 years of experience from rival insurer Axa
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Axa has paid £75m for Covid-linked BI claims to date
UK retail boss adds that the business is ‘in a very robust position to move forward and evolve’
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FCA’s pricing reform ‘timeline is very aggressive’ – Axa
The insurer is ‘going helter skelter’ to meet the year-end deadline for pricing changes in the motor and home insurance markets says UK retail boss
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Axa to sell Singapore business to HSBC
The financial services business will spend €487m on the acquisition
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Axa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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Axa UK rolls out new tool to streamline complex property claims
The tools aims to enable the insurer to provide ‘quicker’ and ‘more advanced’ decisions for its customers
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Broadway Insurance Brokers warns holiday makers against ‘amber gambling’ with travel insurance policies
Broadway Insurance Broker’s director of private clients says this is the next phase of the fallout following business interruption claims
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Insurance industry leaders inaugurate alliance to accelerate net zero transition
The insurance industry and wider financial sector ‘have the power and responsibility to drive progress’
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UK government publishes long-awaited Building Safety Bill
Despite the bill being welcomed, insurance industry leaders highlight concerns for buildings under 18 metres tall as ‘fire does not respect arbitrary height limits’
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AXA aligns new climate strategy with Paris Agreement
The insurer is committed to limiting the warming potential of its investments to 1.5 degree Celsius by 2050
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Prince Charles and global insurance industry join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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Mark Wilson’s insurtech appoints six new senior leadership hires
The business plans ’to drive product disruption in this industry, on behalf of both our B2B and B2C customers’
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AXA France offers €300m BI settlement to 15,000 restaurant clients
Settlement offers are expected to be available between 21 June and 20 September 2021
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Former AXA XL duo to launch speciality insurance cell
The new Guernsey-based business aims to ‘take advantage of current market conditions’
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Insurers are failing to use their influence to fight climate change - ShareAction
Some commentators believe ’the insurance industry is the single most annoying part of this whole climate puzzle’
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‘More work to do’ on business interruption cover as lockdown lifts
Within business interruption cover, its ’strengths have become its weakness’ in terms of flexibility says Allianz director
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Breaking News
Insurance Times eTrading 2021 survey results revealed
This year’s etrading results are out now - find out which insurer extranet platforms achieved five stars, which insurer provides a top-notch experience via a software house and discover how brokers ranked their broker management systems
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AXA XL names new chief underwriting officer
The new hire previously worked at Zurich in Ireland
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AXA Partners and Insurance2go deal bolsters growth plans
The smartphone insurance market has a global market value of £23bn - it continues to grow 12% year-on-year
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Wolseley restaurant owner in battle over business interruption payout
The FCA test case ruled in favour of the majority of policyholders, however some businesses are still allegedly struggling to get payouts