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  • Mar. 27, 2013, 5:51 AM
    Protective Life Insurance (PL) is reportedly in the lead to buy some of the U.S. life insurance assets of France's Axa (AXAHF.PK) in a transaction that could be worth $1B, or more than a third of Protective's market cap of $2.8B. A deal would help the firm expand beyond its main focus of variable annuity business, which is becoming harder to manage.
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  • Mar. 7, 2012, 2:45 AM
    HSBC (HBC) agrees to sell its general insurance business to French insurer AXA and Australia's QBE Insurance Group for $914M in cash. The sale is part of HSBC's push to divest non-core assets, and helps AXA boost its presence in emerging markets.
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  • Mar. 1, 2012, 2:59 AM
    HSBC (HBC) is said to be nearing a deal to sell its general insurance business for around $1B. French insurer AXA and Australia's QBE Insurance Group would reportedly split the business.
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  • Jun. 1, 2011, 6:02 AM
    Intact Financial Corp. (IFCZF.PK), Canada’s largest property and casualty insurer, said yesterday it will buy Axa's (AXAHY.PK) Canadian business for C$2.6B ($2.7B). The deal will boost Intact's premiums in Canada by almost 50%, and generate an internal rate of return of 20%.
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Company Description
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management... More
Sector: Financial
Industry: Life Insurance
Country: France