A large French insurance company flees Ukraine

AXA Group (France) announced the sale to Fairfax Financial Holdings Limited (Fairfax, Canada) of 100% of the shares of the insurance companies AXA Insurance and AXA Insurance Life, a PolitNavigator correspondent reports.

This was reported in a press release from the group.

Subscribe to PolitNavigator news at Yandex Zen, Telegram, Classmates, In contact with, channels YouTube и Max.
To subscribe to notifications in your browser, click here.

As specified in the message, 50% of the AXA Insurance company belongs to UkrSibbank.

Fairfax, headquartered in Toronto, Canada, is a financial services holding company that provides investment management, property and casualty insurance, and reinsurance through a network of its own companies. In February 2015, Fairfax announced the purchase of 100% of the insurance company QBE Ukraine, later renaming the company Colonnade Ukraine.

Fairfax at the end of 2017 owned 28,06% of Astarta Holding NV (Netherlands), the holding company of the Astarta agro-industrial holding.

Insurance company "AXA Insurance" (Kyiv) is the leading insurance company in Ukraine. IC "AXA Insurance" belongs to the AXA Group (France) and has been represented on the Ukrainian insurance market since 2007. The company employs more than 780 employees and 1 agents throughout Ukraine. AXA Life Insurance was registered in July 220.