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AXA Life Europe company logo
FINANCIAL | Retail Banking
axa-lifeeurope.com

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Founded Year

2005

Stage

Acq - Fin | Alive

Valuation

$0000 

About AXA Life Europe

AXA Life Europe is part of the AXA Group and is a global insurance group that provides individuals as well as businesses with products and services that meet insurance, protection, savings, retirement, and financial planning needs.

AXA Life Europe Headquarter Location

Wolfe Tone House Wolfe Tone Street

Dublin, D01 HP90,

Ireland

+33 1 40 75 57 00

Latest AXA Life Europe News

AXA terminates $1.4bn deal to divest AXA Life Europe to Cinven

Aug 11, 2020

Special Reports Get breaking news alerts, daily news and analysis email summary and on-depth special reports on key trends and developments. View Special Reports Data Get breaking news alerts, daily news and analysis email summary and on-depth special reports on key trends and developments. View Data Subscriber Editions View Susbcriber Editions By Verdict Staff August 7, 2020 French insurance giant AXA has called off the deal to sell its AXA Life Europe (ALE) business to private equity firm Cinven. The deal, which is believed to have collapsed due to the economic crisis created by the Covid-19 pandemic, was valued at approximately €1.2bn ($1.4bn). AXA, which confirmed the development alongside the release of its Q2 results, said that certain closing conditions for the deal had not been met by the agreed long stop date. The French insurer noted that it will now reassess its strategic options in order maximise the value and efficiency of ALE, which has been closed to new business since 2017. ALE, which is headquartered in Dublin, Ireland, is a variable annuity products platform. Through over 60 staff, the platform is said to manage a portfolio of 248,000 insurance contracts with €5bn reserves. Are you likely to change your insurance provider to a start-up/insurtech in the next year? Yes

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