AXA to sell or list AXA XL Re on the stock exchange

According to sources familiar with the matter, AXA is currently exploring the option of selling or listing its property-casualty reinsurance subsidiary, AXA XL Re, on the stock exchange. This strategic move is aimed at reducing AXA's exposure to risks associated with natural catastrophes. However, it is important to note that these discussions are still in the preliminary stage, and there is no guarantee that a deal will ultimately be reached.

It is worth mentioning that this potential sale comes two years after mutual insurer Covéa's unsuccessful bid to acquire AXA XL Re.