Paris-headquartered AXA has renamed its reinsurance business in mainland China.
AXA Insurance has renamed its China reinsurance business, XL Re China, to AXA International Re, according to a statement. This follows AXA’s acquisition of the mainland China unit in April.
«This strategic renaming to ‘AXA International Re’ underscores our commitment to the mainland Chinese market, where we aim to provide innovative and effective reinsurance solutions and leverage our global experience for risk diversification while fostering synergy with the AXA brand,» said Sally Wan, CEO of AXA Greater China.
«The collaborative efforts of the AXA entities across the Greater China have been instrumental in enhancing our capabilities and ensuring our success in this dynamic region. We appreciate the support from the National Financial Regulatory Administration during our transition and value the collaborative efforts of our teams, are essential for our growing reinsurance business.»
