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AXA to sell its European protection businesses

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Magazine Issue: 
Reinsurance renewal 2024 : An upturn or just a respite? [3]
Magazine date: 
Dec 2023
AXASources close to the matter revealed that AXA is working with advisors regarding the sale of part of its European protection insurance business.

This could involve Genworth Lifestyle Protection Insurance [4], a subsidiary specializing in protection insurance that was acquired in 2015.

The transaction would include the Group's activities in France, Italy, Spain and part of the UK. The sale could be worth up to 1 billion EUR (1.1 billion USD).

The French insurer declined to comment.

Read also | AIG and AXA to sell their UK operations [5]

Wed, 13/12/2023 - 17:42

Source URL: https://www.atlas-mag.net/en/category/regions-geographiques/monde/axa-to-sell-its-european-protection-businesses

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-206-december-2023
[4] https://www.atlas-mag.net/en/article/axa-in-talks-with-genworth-financial-for-a-possible-acquisition-of-genworth-lpi
[5] https://www.atlas-mag.net/en/category/pays/royaume-uni/aig-and-axa-to-sell-their-uk-operations