--France's AXA is considering selling or spinning off its property-reinsurance business in order to cut its exposure to natural disasters, Reuters reports, citing unnamed sources.

--The insurer is looking at different options for XL Re, though no transaction is guaranteed, Reuters reports.

--AXA didn't comment when contacted by Reuters.

Full story: https://t.ly/YQDz

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

July 12, 2023 04:52 ET (08:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Axa (EU:CS)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Axa Charts.
Axa (EU:CS)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Axa Charts.