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AXA says second-half natural disaster claims to exceed usual levels

FILE PHOTO: Logo of insurer Axa is seen at the entrance of the company's headquarters in
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PARIS (Reuters) - French insurer AXA said on Wednesday a spate of natural disasters could cost its AXA XL property and casualty unit 420 million euros (£362 million) more than usual in the second half of the year.AXA, which is undergoing a deep restructuring following its acquisition of Bermuda-based insurer XL, reported a 5% rise in revenue over nine months of the year to 79.7 billion euros..
Date Published: Nov 06, 2019
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