Saturday, April 08, 2006

 

AXA Likely to Quit Reinsurance After Receiving Offer for Unit

French insurer AXA SA said it is likely to quit the reinsurance market after it received a binding offer for its AXA Re unit from a newly launched company called Paris Re Holdings Ltd.

AXA said it will respond to the offer following consultation with its works councils...

Wall St. Journal (subscription required): AXA Likely to Quit Reinsurance After Receiving Offer for Unit

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