Axa will have to dig deeper for Asian buyout

November 9, 2009

For the second time in five years, minority shareholders in Axa Asia-Pacific Holdings face the prospect of being bought out on the cheap. The parent, Axa SA, has got into bed with AMP and the Aussie life assurer is bidding $10.3 billion for the whole of Axa Asia.

Don’t give life insurers an easy out

September 25, 2009

As G20 nations discuss ways to force banks to fatten their capital reserves, the U.S. life insurance industry is lobbying for the opposite. It wants capital requirements against soured mortgage bonds eased, and is using the current outcry against the rating agencies to argue its point. This sends the wrong message.