Axa tackles equity risk
Efforts to reduce equity SCR boost Solvency II ratio by eight basis points
Axa fortified its Solvency II ratio by 16 basis points in the first quarter after cutting back on equity market risk and adding a new subordinated debt issue to its capital buffers.
The French insurer’s ratio, which reflects its ability to honour policyholder obligations under stress, stood at 221% at the end of March, its highest since Europe’s Solvency II regulatory regime came into effect in
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