By Mauro Orru

AXA SA will propose the renewal of Thomas Buberl's mandate as chief executive officer and member of the board of directors.

The French insurance company said Monday that the board would make the proposal to renew Mr. Buberl's mandate for four years at the annual general meeting in April.

"The profound transformation of AXA led by Thomas Buberl and all the teams has enabled the group to face an unprecedented health and economic crisis, to be very well-positioned to respond to the new challenges of the insurance industry and to accelerate its development by relying on its great solidity, as shown by the recent excellent half-year results," Board of Directors Chairman Denis Duverne said.

The announcement comes as AXA reported an increase in net profit and revenue in the first half due to better property and casualty claims and a strong underwriting result at AXA XL, its property and casualty and specialty risk division.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

August 02, 2021 01:46 ET (05:46 GMT)

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