Paribas And AXA Team Up To Launch Hybrid Insurance/Risk Specialist


BANQUE Paribas is forming a joint venture with AXA Global Risks, the Paris-based corporate insurance company. The new venture will offer hybrid risk management services that combine traditional insurance techniques with derivatives-based financial engineering.

Company officials say the 50-50 joint venture, dubbed Alternative Risk Finance, will provide a more holistic technique for reducing a customer's risk profile.

Alternative Risk Finance's services will work on several levels, says Marc Romano

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