axa deal to buy stake in abu dhabi insurer
It has been confirmed that Axa and its Middle East partner the Kanoo Group have agreed a deal to buy a significant stake of Abu Dhabi based Green Crescent Insurance Company.
It has been confirmed that Axa and its Middle East partner the Kanoo Group have agreed a deal to buy a significant stake of Abu Dhabi based Green Crescent Insurance Company.
Sales grew by more than 10% last year for Axa Wealth International, despite anticipated headwinds caused by the introduction of the new Retail Distribution Review legislation in the UK.
Axa has completed its purchase of a 50% stake in Chinese property and casualty insurance company Tian Ping.
Axa Gulf has refused to comment on rumours it has purchased an Abu Dhabi headquartered insurance company and is preparing to begin selling ‘life’ products with the acquired licence.
Sanlam Guernsey has outsourced “the majority” of the distribution of its products to IFAs in the UK to specialist distribution company Adviser Advocate.
Axa Investment Management has launched a multi-asset income fund called Axa WF Global Income Generation.
An offshore bond launched by Axa Wealth International in September last year has been criticised by competitors, drawing claims it risks leaving clients open to a 15% deemed gain charge and could damage the wider offshore bond industry.
Axa has entered into an agreement to sell its Hungarian life and savings insurance operations.
Axa is to sell its life and savings insurance operations in Romania to a major Romanian insurance group, and exit that Eastern European market.
Axa Wealth has merged its UK-based sales team selling its more traditional specialist products, with the Axa Wealth International sales team.
Sales at Axa Wealth International increased by 17% during the third quarter of this year compared with the same quarter in 2012.
Axa Investment Managers has appointed its global head of multi-asset client solutions (MACS), Laurent Seyer, to the new position of global head of distribution in a bid to attract and increase the asset manager’s third party assets.