Disposing of a large portion of its life and pensions business has proved a smart move for the French insurer, and by putting more focus on its pure underwriting businesses, AXA will be hoping it can set itself apart from other large composite insurers in the market
AXA has undergone a bit of a revolution over the last couple years.
Faced with low bond yields and troubled financial markets, the French insurer realised that it was too reliant on the performance of markets that it couldn’t control and took drastic action.
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