AXA XL, the commercial property & casualty insurance and reinsurance arm of the AXA Group, saw a significant increase in prices at the January 2021 reinsurance renewals, compared to price increases a year earlier.
In reporting the AXA Group results this morning, the France headquartered global insurance and reinsurance company provides some insight into its commercial business under AXA XL and noted that, for the company, the January renewals saw much higher reinsurance price increases than the prior year.
