AXA: approval from ACPR for reinsurance status
(CercleFinance.com) - AXA announced today that AXA SA, the group's holding company, has obtained its approval as a reinsurance company from the ACPR, under the previously announced transformation of AXA SA into an internal reinsurer of the group.
This transformation aims to improve the fungibility of capital throughout the insurance group. It will be completed following the merger between AXA SA and its reinsurance captive, AXA Global Re, which is currently scheduled for the end of June.
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