AXA and BNP Paribas have signed an agreement to maintain their close relationship and their minimum cross-shareholdings.
In a statement, the two groups said they had “reaffirmed their desire to continue to develop industrial co-operation”. They added they would do this while respecting the differences between their types of business and the independence of their corporate structures.
BNP Paribas owns 4.9% of AXA and AXA has a 22.25% stake in BNP Paribas through Finaxa.
The companies said the new agreement grants each party a call right should control in either group change. Also, both groups would be “discharged from their minimum cross-shareholding obligations” if there was ever a public offer for either of them.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
