Insurer AXA to cut proposed dividend payout

PARIS (Reuters) - French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic.AXA added that it could consider proposing an additional fourth-quarter shareholder payment, of up to 0.70 euros per share, if financial market conditions improved.Last month, AXA said the coronavirus crisis would have a material impact on its 2020 earnings and it could face claims of about..