PARIS, May 10 (Reuters) –
* AXA RECEIVED ADMINISTRATIVE APPROVAL FROM THE ACPR TO OPERATE AS A REINSURANCE COMPANY-PRESS RELEASE
* AXA-THE TRANSFORMATION OF AXA INTO AN INTERNAL GROUP REINSURER AIMS TO IMPROVE THE FUNGIBILITY OF CAPITAL ACROSS THE GROUP, IN ACCORDANCE WITH AXA’S CAPITAL MANAGEMENT POLICY
* AXA-THE TRANSFORMATION WILL BE FINALIZED FOLLOWING THE MERGER BETWEEN AXA SA AND ITS REINSURANCE CAPTIVE, AXA GLOBAL RE, CURRENTLY SCHEDULED FOR THE END OF JUNE 2022
(Redaction of Paris)