Streetbeat News

AXAHF

Axa

https://www.axa.com

CEO

Thomas Buberl

Industry

Direct Life Insurance Carriers

Open

37.00

Mkt cap

77B

Volume

1.5K

High

37.00

P/E Ratio

10.35

52-wk high

41.11

Low

35.90

Div yield

0.06

52-wk low

30.00

The collapse of Baltimore's Francis Scott Key Bridge, caused by a collision with a Singapore-flagged container ship, could lead to an unprecedented insurance payout of up to $4 billion, surpassing the Costa Concordia disaster's $1.5 billion. AXA SA (AXAHF) is the lead reinsurer, with Aon PLC (AON) and Chubb Ltd (CB) also implicated as the insurance broker and involved insurer, respectively. The final payout will depend on factors like port closure duration and business interruption coverage.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 12:42 pm

AXA SA is reportedly planning to sell or list its property reinsurance business, XL Re unit, on the stock market to reduce risks related to natural disasters. The company's Property & Casualty Reinsurance revenues declined to $3.2 billion in 2022 from $4.6 billion in 2021. The move comes as AXA aims to reduce exposure of the business to increase profitability.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 1:21 pm

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