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Australia

Axa hails first half growth

For the first half, Axa has reported property & casualty revenues were up 2% to €16.5bn, mainly driven by an overall positive price effect of 3% on average. Overall total revenues were up 4% to €50bn across the group.

IAG improves claims guidance

Insurance Australia Group is expecting a better claims performance for its current financial year than forecast.

Fitch affirms QBE's ratings

Fitch Ratings has affirmed QBE's long-term issuer default rating at A, and its subsidiaries' insurer financial strength ratings at A+, both with a stable outlook.

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