Green light for AXA S.A. as Group' s internal reinsurer

17 May 2022 — Andrei Victor
French insurance Group AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance license from the Autorite de Controle Prudentiel et de Resolution (ACPR - the French Prudential Supervision and Resolution Authority), according to the previously announced transformation of AXA SA into AXA Group' s internal reinsurer

"The transformation of AXA S.A .into the Group's internal reinsurer aims to enhance capital fungibility across AXA Group, in line with AXA's capital management policy", as the company announced in a statement. The French group mentioned that AXA S.A. intends to reinsure part of its European P&C carriers through annually renewable quota share reinsurance treaties.

The transformation will be complete following the merger of AXA S.A. and its captive reinsurer, AXA Global Re, currently expected at the end of June 2022. The merger is subject to customary regulatory approvals.

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