AXA agrees with Uniqa to sell CEE business for 1 billion euros

AXA is quitting markets where it lacks scale as part of a deep restructuring to cope with a negative interest rate environment.

The sale would help improve AXA’s solvency ratio by 2 points, the insurer said, adding that it did not expect any significant impact on its net income from the sale. Uniqa said in a separate statement it planned to finance the acquisition via borrowing rather than a capital increase. It expects the solvency-capital ratio to be in the upper third of its target corridor of 155% to 190% after the deal is completed.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Casper starts trading at $14.50 per share in market debut, after pricing IPO at $12Casper at one point, as a private business, was valued at $1.1 billion, giving it so-called unicorn status. Cowherd said these are the best mattresses 😛
La source: CNBC - 🏆 12. / 72 Lire la suite »