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23.10.2018 | 11:56

АХА sold two insurers in Ukraine

French АХА sold AXA Insurance and AXA Life Insurance to Canadian Fairfax Financial Holding

АХА Group (France) announced on the agreement conclusion with Fairfax Financial Holding Limited (Canada) on sale of all its companies in Ukraine and leaving Ukrainian market. 

It was reported by the insurance group. 

According to the agreement, Fairfax buys 100% of АХА Insurance and AXA Life Insurance in Ukraine. 

The deal will be considered as closed after the respective conditions have been met including the receipt of necessary regulatory permissions. 

Fairfax Financial Holdings Limited, international holding, with headquarters in Toronto (Canada) is specialized on insurance and investment management since 1985. 

Insurance companies of Fairfax Financial Holdings Limited conduct their business on decentralized basis. 

The company is registered on Toronto Stock Exchange (FFH:CN), market cap is USD 15.1 billion.

Investment portfolio is USD 39.4 billion, total assets amount to USD 65.1 billion, equity capital is USD 18.4 billion. 

In 2017, the company's profit was USD 1.74 billion. 

Prem Watsa has been teh holding's Chairman and Executive Director since 1985.

Holding conducts business in 40 ountries all over the world. 

References in the article: changes of owners, insurance company, ownership, axa
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