Insurance and investment giant AXA has completed the sale of its life & savings, property & casualty and pension businesses in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1 billion.
UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern European operations after rumours of a deal emerged last October.
The Austria-based insurer had reportedly made it down to a shortlist with Assicurazioni Generali SpA and Vienna Insurance Group before securing the deal.
The completion of the transaction is expected to result in a positive impact of +2 points on AXA Group’s Solvency II ratio in the fourth quarter of 2020.
Upon announcing the deal earlier this year, AXA Chief Executive Thomas Buberl noted how it marks another step in the simplification of AXA’s footprint.
“We are convinced that AXA’s operations in Central and Eastern Europe will benefit from UNIQA’s strong presence and local expertise in the region to create new growth opportunities with a continued focus on delivering enhanced customer value propositions,” he said.
Source: Reinsurance News
LinkedIn
Twitter
Facebook
ManageMy integrates with Snowflake to expand insurer data and reporting capabilities
May 15, 2026
ManageMy has announced a new integration with Snowflake designed to provide insurance carriers with direct access to operational data and reporting across policy, billing, claims and distribution workflows.
Exzeo launches WindForm Pro to support Florida wind mitigation compliance
May 15, 2026
Exzeo has introduced WindForm Pro, a new AI-driven solution designed to help Florida insurers comply with updated wind mitigation inspection requirements issued by the Florida Office of Insurance Regulation (OIR).
Sixfold launches underwriting AI solution on Microsoft Marketplace
May 15, 2026
Sixfold has announced that its underwriting AI platform is now available through Microsoft Marketplace, allowing insurers to access and deploy the company’s AI capabilities directly within their existing Microsoft Azure environments.
