With banks deleveraging in the wake of Basel III, insurers are seeking opportunities to fill the gap. The provision of mid-cap corporate loans is one such area – previously dominated by banks given the expertise and relationships required for such transactions. But now Axa is moving into this market in conjunction with Société Générale (SG).
In June this year, the bank and insurer began a partnership designed to provide French mid-cap companies with finance. The scheme is designed to provide