FILE PHOTO: The logo of AXA insurance is seen at an office building in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann
PARIS - AXA, Europe’s second biggest insurer, has agreed to sell its insurance operations in the Gulf region to Gulf Insurance Group for $269 million, AXA said on Monday. “This transaction marks another step in AXA’s continued simplification journey,” said AXA chief executive Thomas Buberl.AXA agreed in February with Austrian insurer Uniqa to sell its operations in Poland, Czech Republic and Slovakia for 1 billion euros .
The insurer is leaving markets where it lacks scale as part of a deep restructuring to cope with a negative interest rate environment.
in other words insuring the next conflict in the Middle East just ain't worth it
__iRalph Axaa 🔥
95% only bad news(
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.