AXA Group’s holding company now ready to reinsure

AXA Group's holding company now ready to reinsure

AXA Group’s holding company, AXA S.A., can now act because the group’s inside reinsurer after efficiently acquiring a reinsurance license.

In line with AXA’s capital administration coverage, the insurer is reworking AXA S.A. into its inside reinsurer to improve capital fungibility throughout the group. The plan is to reinsure a part of the group’s European property & casualty carriers by means of yearly renewable quota share reinsurance treaties.

“The transformation can be full following the merger of AXA S.A. and its captive reinsurer, AXA Global Re, at present anticipated on the finish of June 2022,” acknowledged AXA.

The reinsurance license was granted by Autorité de contrôle prudentiel et de decision, the French Prudential Supervision and Resolution Authority.

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