Insurance Post

Axa quits investing in tobacco

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Axa has announced it will stop investing in the tobacco industry where it invests more than €1.7bn (£1.3bn).

Axa, which has a large health insurance arm, said it will let its €1.6bn of bonds runoff and sell its €184m of tobacco shares straightaway.

Thomas Buberl, Axa's Germany CEO and incoming global CEO

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