AXA Financial News

He will be based in Paris and report to global head of fixed income Marion le Morhedec. Broustra has been at AXA IM for over 20 years, and was most recently head of investment specialists for fixed income and multi-asset solutions for the Core Investments platform. AXA Framlington shakes up management of £600m UK Select Opportunities In his new role, he will be responsible for global rates strategies for institutional and third-party clients, while overseeing AXA IM's inflation investment capabilities, as well as the Swiss and Japanese fixed income business. le Morhedec said: «I...

It’s been years since insurance companies dangled buyout offers or contract exchanges to annuity owners – but MetLife is planning to do just that.

SBI Life Insurance Company jumped nearly 3% to the day's high of Rs 1420.15 on the BSE on Monday following the company's decent December quarter earnings. Brokerages remain optimistic about the prospects of the state insurer, with Jefferies and CLSA reiterating their buy views on the counter. The latter also raised the price target, highlighting the company's wide presence as an advantage. Among domestic brokerages, Motilal Oswal and Nuvama maintained their buy views. SBI Life on Thursday reported a net profit of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the same quarter last year. Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. Read More: SBI Life Q3 Results: PAT rises 6% YoY to Rs 322 crore; net premium income jumps 16% Here's what brokerages said:

Nomura Asset Management’s Richard Hodges began the year by buying credit default swaps, worried that rate cut bets were becoming too aggressive. He reduced the hedge when the cost of protection increased, and now stands ready to dip in again.

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Rahul Bhuskute, CIO & EVP, Bharti AXA Life Insurance, says: “Given a relatively stable rupee, given inflation, which is sub-6%, given core inflation around the 5% handle, the probabilities of interest rate cuts in India going forward are going to increase and the market should definitely get a tailwind because of that. Have the markets harvested all the tailwinds and front ended all the earnings of all those potential interest rate cuts? We do not believe. So, there is some more to come around that factor.” Markets seem to be in very good shape right now but are the markets ignoring risks on valuation front or are you of the camp that earnings quality of corporate India, the corporate earnings to GDP ratio is actually improving and hence the decline will be cushioned by earnings. Which side of the camp are you? Rahul Bhuskute: I guess clearly markets are at a high and we do believe there are reasons for the markets to do so. First of all, globally the interest rate cycle has peaked out. There is an expectation that interest rates will start coming off. Definitely, in India, we have clearly passed the point of highest rate and therefore the opportunity cost for an equity investor is low and we do expect that to be a continued tailwind for the market going forward.

EUR CoinVertible (EURCV), the first euro-pegged stablecoin, was released by Société Générale, the third-largest bank in France, marking a significant milestone in the banking industry. This new achievement heralds the beginning of a new age in the landscape of stablecoins in Europe, marking a key milestone in the integration of conventional finance (tradFi) and digital assets.

Experts argued that policymakers and regulators should consider actions to bolster the potential supply-side of the market, as well as ways to responsibly create demand.

With the listing, investors in the cryptoasset ecosystem as well as traditional financial markets participants will be able to operate transactions based on the EUR CoinVertible (EURCV) asset.The bank says the stablecoin will help meet demand for a robust settlement and store-of-value asset for on-chain transactions and for cash pooling and cash management activities, alongside enhanced collateral management. In an effort to ensure liquidity, the bank has appointed FlowDesk as a market maker for EURCV-EUR and EURCV-USDT trading pairs on BitStampJean-Marc Stenger, chief executive officer, SG-Forge, says: “As the first EUR stablecoin to be issued by a fully regulated subsidiary of a global bank, this is an exciting moment for our industry as we move towards our mission of mainstream adoption of crypto.

As institutions regain interest in both Bitcoin (BTC) and Ethereum (ETH) as investment assets, they’re also exploring how the blockchain can redefine how finance is done using traditional assets.

AXA Investment Managers and Generali Investments have recently joined the growing bandwagon of companies purchasing tokenized green bonds as the digitalization of real-world assets (RWAs) gains momentum.

For the transaction, AXA IM first purchsed €5 million of CoinVertible stablecoins (EURCV), a digital asset deployed on the Ethereum public blockchain and pegged to euro. This was then used to invest in a green bond issued by Societe Generale in the form of 'security tokens' on the Ethereum public blockchain.

World Bank is working with a club of 15 finance bosses to lower the risk of investing in climate projects in emerging economies and attract private capital for cutting emissions. Ajay Banga, the World Bank's president, said the Private Sector Investment Lab is focused on «figuring out a model of originate-to-distribute» that would allow for deep-pocketed investors to put up large sums for climate deals. The creation of a «securitizable asset class in these kinds of investments, where large pension funds, large players like BlackRock will find a very attractive place to put billions to work,» is a key target, he said at the Bloomberg Business Forum at COP28. PSIL, which launched in June under the auspices of the World Bank, also includes BlackRock Inc.'s chief Larry Fink, AXA SA Chief Executive Officer Thomas Buberl and Noel Quinn, head of HSBC Plc. The group is focused on specific approaches that the World Bank can implement after years of struggling to mobilize the vast sums of money needed to help developing countries adapt to climate change and transition to clean energy. The World Bank has also stepped up action on other fronts, including allowing some vulnerable countries to potentially pause debt repayments and hosting a fund for climate damages. Shriti Vadera, who co-chairs PSIL, said the group is working on financial guarantees because these are «the most efficient and most well-known and used form of credit support.» The PSIL has looked at first-loss and whole-portfolio guarantees, said Vadera, who is chair of Prudential Plc. The goal is for the World Bank to «create a much more simplified set of guarantee products that can be used across different markets,» she said.

Planning for retirement is a crucial aspect of one's financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years. ULIPs offer the dual benefit of insurance coverage and investment opportunities, making them an intriguing proposition for retirees.

Financial readiness is the ability to navigate life's needs, wants, and uncertainties by critically evaluating one's income, budget, spending, avenues to maximise and save the said income, plan for emergencies, and for future retirement.

Fair trade regulator Competition Commission of India (CCI) has cleared Bharti Group's proposed 49 per cent stake purchase in Bharti AXA Life Insurance Co Ltd. Bharti AXA Life Insurance Company Ltd (BALIC) is involved in the business of providing life insurance policies. The deal relates to the acquisition of 49 per cent shareholding of Bharti AXA Life Insurance Company Ltd (BALIC) by Bharti Life Ventures Pvt Ltd (BLVPL) from AXA India Holdings.

Karnataka Bank on Thursday approved the allotment of equity shares of Rs 10 face value worth about Rs 800 crore to HDFC Life Insurance, Bajaj Allianz Life Insurance, Quant Mutual Fund, Bharti AXA Life Insurance and Bajaj Allianz General Insurance on a preferential basis. The bank board which met on Thursday approved the allotment after receiving 99.79% favorable votes from its shareholders for the preferential issue. Karnataka Bank MD & CEO Srikrishnan H said in a statement: «We are happy to have completed a successful Capital raise through Pref Allotment of Rs.

AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities. Bharti and AXA did not immediately respond to Reuters' requests for additional information on the deal nor did they disclose the financial details.

Imran Sattar will remain as the sole manager of the fund, which led Square Mile analysts to remove the rating due to the “material” change in structure.

Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.

Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi's approval to raise funds through Initial Public Offerings (IPOs).