Insurance and investment firm Axa has been considering various options for its Middle Eastern operations including a potential sale. The French insurer is working with HSBC Holdings on the strategic review. AXA has not yet kicked off a formal sale process. The insurance company is also seeking a buyer for its operations in central and eastern Europe, Bloomberg reports. In 2018, Axa acquired XL Group for nearly $15bn in order to increase its focus on commercial and non-life insurance. The company had also raised $3.2bn through IPO of its US-based unit Equitable Holdings. AXA prov...
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