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 3^rd which will…

This week, Europe's second largest insurer AXA selected Wasilah Insurance Agency to be its new business partner in the Kingdom of Saudi Arabia. The deal comes as part of the French insurance company's plans to further develop and promote its products in the Gulf region. On September 20th 2011, AXA Cooperative Insurance Company, the French insurance company's Saudi Arabia-based shareholding company,…