AXA mulls offloading $2B reinsurance business, Reuters reports

AXA is considering offloading its property reinsurance unit in an effort to reduce its exposure to natural disasters like hurricanes, Reuters’ David French and Pablo Mayo Cerqueiro report, citing three people familiar with the matter. The French insurer has been discussing strategic options for its XL Re business, including a potential private sale or stock market listing, the authors note. The talks, which are preliminary in nature, may not ultimately result in a deal, the authors say.