AXA: Sale of Business in Azerbaijan Terminated
04 Avril 2019 - 6:28PM
Dow Jones News
By Pietro Lombardi
AXA SA (CS.FR) said Thursday that the agreement for the sale of
its nonlife business in Azerbaijan, AXA MBask Insurance Company
OJSC, fell through.
The company "has ceased underwriting new insurance business and
will exclusively administer the inforce portfolio with the purpose
of terminating its insurance activities in Azerbaijan as soon as
practicable, while preserving the interest of its existing clients
in Azerbaijan," the French insurer said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
April 04, 2019 12:13 ET (16:13 GMT)
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