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Principal Financial to acquire AXA’s Hong Kong pension business
The Principal Financial Group announced that it will acquire AXA’s Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) pension business in Hong Kong for about $335...
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AXA enters U.S. employee benefits market
AXA S.A., a large global financial protection and retirement savings firm, is further extending its footprint into the United States with the launch of its U.S. Employee Benefits business, through...
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Former Pa. insurance agent gets federal prison for $1.5 million scam
A former central Pennsylvania insurance agent who admitted conning his friends out of roughly $1.5 million in an investment scheme will spend more than 5 years in federal prison. Dennis Wright, 68, of...
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Genworth to sell lifestyle insurance unit to AXA
Genworth Financial has entered into exclusive negotiations with French insurer AXA to sell its lifestyle protection insurance business for about $510 million. Richmond, Va.-based Genworth said in a...
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Genworth closes sale of lifestyle protection unit to AXA
RICHMOND, Va. — Genworth Financial, Inc. announced that it has closed the sale of its lifestyle protection insurance business to AXA. The adjusted sale price was approximately $490 million and net...
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Hartford expands coverage for U.S. firms operating globally
The Hartford Financial Services Group Inc. has expanded its insurance capabilities for the international risks of U.S. businesses, teaming with Paris-based Axa Corporate Solutions S.A. to offer local...
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AXA, Alibaba partner to distribute insurance products globally
French insurer AXA has partnered with Chinese e-commerce giant Alibaba and its affiliate, Ant Financial Services Group, to distribute insurance products and services to consumers around the world. The...
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MiniCo expands collectibles insurance program with with AXA ART
MiniCo Insurance Agency, in collaboration with fine art insurance specialist AXA ART Americas Corporation, has broadened its collectibles insurance program to offer expanded coverage of up to $250,000...
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AXA taps DeMinico to bolster national life sales
AXA has tapped Fred DeMinico to lead independent distribution in the U.S. as the global insurer seeks to increase sales through financial institutions and broker general agents. DeMinico was hired away...
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AXA seeks IPO for U.S. insurance, asset management units
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday, as reported by Reuters. The listed company, AXA Equitable...
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