Articles - AXA seeks buyers for some US life insurance assets


 French insurer AXA is seeking buyers for some U.S. life insurance assets that could be worth some $500 million, Bloomberg News reported, citing three unnamed sources.
  
 AXA has hired investment bank Morgan Stanley to find a buyer for the assets, which include the remants of the Mony Group Inc, a business that AXA acquired in 2004, the news service said.
 An AXA spokesman declined comment.
  
 Following the $1.5 billion takeover, Mony's network of financial advisers was folded into AXA's own and the unit has mostly stopped selling life insurance.
 In November, AXA cut its profit outlook in a sign of how low interest rates have squeezed life insurers which are committed to minimum payouts to customers
  

Back to Index


Similar News to this Story

Pension scheme cyber attacks are you prepared
In the ever-evolving world of cyber risks, governing bodies, trustees and pension boards must understand their responsibilities and know how to effect
Final Day for nominations for the 2025 Actuarial Post Awards
We would like to announce, that after yet another record number of nominations for the Actuarial Post Awards that today is the final day for nominatio
The global mining insurance market is softening, fast
Excavating value in a soft market. Rates are down, coverage is broadening, and capacity is strong. But risk leaders must stay sharp. The property dama

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.