AXA (EPA:CS) - AXA and XL Group announce future branding of their combined operations

Transparency directive : regulatory news

11/07/2018 08:45

Paris, July 11, 2018

AXA and XL Group announce future branding of their combined operations

Following the announcement of the acquisition of XL Group Ltd by AXA SA on
March 5th, the two companies today present a new step in the planning process
for combining XL Group operations, AXA Corporate Solutions and AXA Art into the
new division of the AXA Group dedicated to large P&C commercial lines and
specialty risks following closing of the acquisition.

This new division will be named AXA XL and will operate under the master brand
AXA. Its offerings will be identified along three main lines:

- XL Insurance - which will comprise XL Group's insurance business and AXA
  Corporate Solutions; and will include XL Art & Lifestyle, the combination of
  XL Group's Fine Art and Specie business and AXA Art offerings;

- XL Reinsurance - that will incorporate XL Group's reinsurance business;

- XL Risk Consulting - that will incorporate AXA Matrix and XL Group's Property
  Risk Engineering GAPS.

In addition, XL Group's primary Lloyd's syndicate will continue to be known as
XL Catlin Syndicate 2003.

Under the AXA brand, the new offerings will present an exciting new proposition
to clients and brokers around the world.

"We are very pleased to announce another important milestone in the integration
planning process with XL Group, which will see AXA become the #1 global P&C
commercial lines insurer. Behind this new common branding and naming, I am
excited to see the future creation of AXA XL, a division based on AXA's and XL
Group's shared culture around people, operational excellence, and innovation.
The combination of these attributes will position us perfectly to establish an
even stronger brand leadership and bring a unique value proposition to our
customers", said Thomas Buberl, CEO of AXA.

"We recognize the opportunity we have ahead to take the unique mix of elements
that make XL a success - our talent, our approach, our tools - and bring them
into the AXA family. I believe we will be stronger together and will be
ambitious. We are going to continue to put our clients and brokers at the heart
of what we do, while staying firmly focused on the future of risk and the
solutions needed to advance", commented Greg Hendrick, currently President and
Chief Operating Officer of XL Group, who is expected to become CEO of AXA XL
and a Member of AXA Group's Management Committee upon the closing.

This new branding and naming follows the announcement on June 6th that XL
Group's shareholders had approved the agreement for AXA to acquire 100% of XL
Group. The closing of the acquisition is expected to be completed during the
second half of 2018, subject to customary closing conditions, including the
receipt of required regulatory approvals, which remain pending. Until the
acquisition closes, XL Group and AXA remain two separate companies.

ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with
160,000 employees serving 105 million clients in 64 countries. In 2017, IFRS
revenues amounted to Euro 98.5 billion and IFRS underlying earnings to Euro 6.0
billion. AXA had Euro 1,439 billion in assets under management as of December
31, 2017.

The AXA ordinary share is listed on compartment A of Euronext Paris under the
ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA).
AXA's American Depository Share is also quoted on the OTC QX platform under the
ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow
Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme's Finance Initiative
(UNEP FI) Principles for Sustainable Insurance and a signatory of the
UN Principles for Responsible Investment.

This press release and the regulated information made public by AXA pursuant to
article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1
et seq. of the Autorité des marchés financiers' General Regulation are
available on the AXA Group website (axa.com).

THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com

FOR MORE INFORMATION:

Investor Relations:           +33.1.40.75.48.42
Andrew Wallace-Barnett:       +33.1.40.75.46.85
François Boissin:             +33.1.40.75.39.82
Aayush Poddar:                +33.1.40.75.59.17
Shantanu Priya:               +33.1.40.75.58.44
Mathias Schvallinger:         +33.1.40.75.39.20
Alix Sicaud:                  +33.1.40.75.56.66

Individual Shareholder Relations:
+33.1.40.75.48.43

Media Relations:              +33.1.40.75.46.74
Julien Parot:                 +33.1.40.75.59.80
Nicolas Feltrin:              +33.1.40.75.56.48
Shruti Dhanda:                +33.1.40.75.72.58

Corporate Responsibility strategy:
axa.com/en/about-us/strategy-commitments

SRI ratings:
axa.com/en/investor/sri-ratings-ethical-indexes

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements
including, but not limited to, statements that are predictions of or indicate
future events, trends, plans, expectations or objectives. Undue reliance should
not be placed on such statements because, by their nature, they are subject to
known and unknown risks and uncertainties and can be affected by other factors
that could cause AXA's actual results to differ materially from those expressed
or implied in the forward-looking statements. Please refer to Part 4 - "Risk
factors and risk management" of AXA's Registration Document for the year ended
December 31, 2017, for a description of certain important factors, risks and
uncertainties that may affect AXA's business and/or results of operations. AXA
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future events
or circumstances or otherwise, except as part of applicable regulatory or legal
obligations.

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