AXA Financial - News, Articles & Research

News

Alibaba and AXA form insurance pact

AXA has formed an alliance with Alibaba that will see the French insurance firm develop products and services for the Chinese e-commerce behemoth's customers.

29 July 2016

Company announcement

AXA investment funhd appoints new general partners

AXA Strategic Ventures (ASV), a global €230 million ($260 million) venture capital fund, announces today the appointments of Imran Akram, former Partner at DN Capital, and Alex Scherbakovsky, former Principal at New Enterprise Associates, as General Partners.

27 April 2016

News

Trov raises $25.5m for on-demand insurance app

After raising $25.5 million in a Series C funding round, mobile-based on-demand insurance platform Trov is gearing up to launch in its first market, Australia.

26 April 2016

News

Mobile-first US bank Bee joins AXA startup portfolio

AXA's $250M venture capital fund dedicated to emerging strategic innovations in insurance and financial services has added four new companies to its portfolio, marking a total of $6 million in seven US startups since the fund was launched in February of this year.

22 December 2015

News

AXA sets up EUR200 million disruptive venture fund

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

25 February 2015

News

AXA opens API store for developer community

AXA Banque of France is inviting developers to pitch for a EUR50,000 grand prize at the launch of a new open API platform providing secure access to account and payment data.

19 March 2012

News

Quant manager pays $2.5m over code error which cost clients millions

The Securities and Exchange Commission has charged money manager AXA Rosenberg's co-founder with securities fraud for concealing a computer code error in a quantitative investment model he developed, costing clients millions of dollars.

22 September 2011

News

Axa Rosenberg pays $242m over quant coding cock-up and cover-up

Investment firm Axa Rosenberg has agreed to pay $242 million to settle SEC charges that it covered up a computer code error in its quantitative investment model that cost clients millions of dollars.

04 February 2011

News

Nyse Euronext testing MTF for European corporate bonds

Nyse Euronext has set up a strategic committee that will assist and advise on the creation of a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

13 January 2011

News

Axa Rosenberg discovers coding error in risk program

Equity investment management firm Axa Rosenberg has found a coding error in its risk modelling program which led it to significantly under-represent common-factor risks.

27 April 2010

News

AXA names Capita preferred bidder for £500m outsourcing deal

French insurance group AXA has chosen Capita as preferred bidder for a pensions administration outsourcing contract worth £500 million, in a move union Unite says puts up to 350 UK jobs at risk.

22 January 2009

News

Welcome management team partners with AXA Private Equity for MBO

The management team of Welcome Real-time, a France-based provider of payment card technology, has completed a buy-out of the company with the support of AXA Private Equity. Financial terms of the deal were not disclosed.

07 June 2007

News

Banks launch French joint venture employee savings platform

Axa France, BNP Paribas, HSBC France and Société Générale are to create a joint platform for employee savings plan administration in France.

02 February 2006

News

Axa IM to outsource fund admin and investment ops to State Street

Axa Investment Managers (AXA IM) has entered into exclusive discussions to outsource its fund administration and investment operations support in the UK, France and Germany to State Street.

24 March 2004