Axa takes EUR400mn loss from European floods as Axa XL returns to profit
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Axa takes EUR400mn loss from European floods as Axa XL returns to profit

Fiona Robertson, 
Samuel Casey
02 August 2021
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TOPSHOT-GERMANY-EUROPE-WEATHER-FLOODS

Axa has said it expects losses of EUR400mn ($475mn) from the recent European flooding, net of reinsurance, as it reported a return to H1 profit for its Axa XL business.

The carrier is the second major European insurer to report a projected loss from the disaster, at a level which implies it has triggered reinsurance coverages.

Axa’s

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Axa XLLossesNews
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Fiona Robertson
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Samuel Casey
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