Axa takes EUR400mn loss from European floods as Axa XL returns to profit

02 August 2021

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Axa has said it expects losses of EUR400mn ($475mn) from the recent European flooding, net of reinsurance, as it reported a return to H1 profit for its Axa XL business.

The carrier is the second major European insurer to report a projected loss from the disaster, at a level which implies it has triggered reinsurance coverages.

Axa’s

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Axa takes EUR400mn loss from European floods as Axa XL returns to profit

Axa has said it expects losses of EUR400mn ($475mn) from the recent European flooding, net of reinsurance, as it reported a return to H1 profit for its Axa XL business.

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Axa takes EUR400mn loss from European floods as Axa XL returns to profit

Axa has said it expects losses of EUR400mn ($475mn) from the recent European flooding, net of reinsurance, as it reported a return to H1 profit for its Axa XL business.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM