Axa splits up reinsurance and big risk division

The Axa group is underlining its commitment to reinsurance by splitting up its combined large risks and reinsurance division, Axa Corporate Solutions. The group’s reinsurance operations will be conducted under the revived Axa Re brand. Axa was merged into ACS two and a half years ago in an attempt to provide corporate clients with a ‘one stop shop’ solution. The large corporate risks business will operate as a standalone unit known as Axa Corporate Solutions Insurance.