Axa

Article Abstract:

Axa is a French insurer which is acquiring a 51% stake in National Mutual, an Australian insurer. National Mutual holds a 30% stake in the Hong Kong market and is in a good position to penetrate other markets in Asia, such as China. The company has previously acquired Equitable, a US company which has helped boost Axa's performance. Axa has increased its stake in Equitable to 60% from 49%. The company is also involved in financial services other than insurance such as stockbroking and real estate.

Insurance, Insurance Carriers and Related Activities, AXA Group

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Oriel: motoring ahead

Article Abstract:

Oriel offers used car warranties with a 28% stake in the UK market. The market has shown price stability and new car warranties are providing a growth area. Oriel passes on risks to reinsurers rather than underwriting policies itself. The company has made an agreement with Renault and opened offices in Europe and the Middle East. The company has been involved in bid talks and no profit forecast can be made by the house broker for this reason.

Direct Property and Casualty Insurance Carriers, Fire, marine, and casualty insurance, Auto Insurance, Automobile insurance, Oriel Group PLC

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