US EditionAxa Nears €1 Billion Deal for Italy’s Prima Assicurazioni
9 Articles
9 Articles
To sell 51% for 500 million to the French Carlyle, Blackstone and Goldman Sachs. The French group doubles its presence in Italy in the Danni branch
"The acquisition of Prima will significantly strengthen our position in the Italian damage business," said Patrick Cohen, Chief Executive Officer of AXA European Markets & Health
AXA to acquire Italian MGA Prima
French insurer AXA has agreed to acquire Milan-headquartered Prima, an Italian direct insurance player acting as a managing general agent (MGA). The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close by the end of 2025. Since its launch in 2015, Prima emerged as the leader in the direct distribution channel in Italy, achieving a top position with a roughly 10% overall m…
The French insurance company Axa earned slightly less in the first half of 2025 than in the same period last year, but sales increased by seven percent. The Group explained that the net profit fell by two percent to EUR 3.92 billion with unfavourable currency effects. CEO Thomas Buberl spoke to journalists about an "excellent performance" and confirmed the goals of the three-year plan "Unlock the Future". Especially in Buberl's home market Germa…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
