In recent announcements, AXA, the Industrial and Commercial Bank of China Co Ltd (ICBC) and Minmetals declared the launch of their foray into the China insurance market for life insurance. Officially branded as ICBC-AXA Life, the company recently received official approval from China's State Council…
French global insurance group AXA SA has made a move to strengthen its position in South Korea's important direct insurance market through the acquisition of general insurer Ergo Daum Direct in a deal announced this past week. Officials representing both AXA and the Dusseldorf-headquartered ERGO Insurance Group completed and signed a share purchase and sales agreement on May 3rd which will…
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