AXA said its AXA Re subsidiary and US counterparts are the latest to receive subpoenas as part of the ongoing investigations into the use of finite reinsurance products.
The US Securities and Exchange Commission, the FBI, the US Department of Justice and the New York attorney general are among those that have subpoenaed the company.
In its annual report AXA said the probes focus mainly on reinsurance transactions with bond insurer MBIA which relate to the 1998 bankruptcy of US-based Allegheny Health, Education and Research Foundation.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
