AXA XL: first foreign reinsurer in China

The insurance supervisory authority (CBIRC) has modified the license granted to AXA XL Insurance China which obtained the status of reinsurer instead of insurer.

Domiciled in Shanghai, the new legal entity is called XL Reinsurance China Company (Axa XL Re China) thus becoming the first reinsurance subsidiary with 100% foreign capital operating on the Chinese non-life market.

AXA XL, a division of the AXA Group specializing in large corporate risks, is rated A+ by Standard & Poor's.