Insurance
AXA NZ insurance earnings fall by a fifth
Thursday 18th of February 2010
AXA's insurance earnings were down 19% to $25.6 million from $31.7 million in 2008.
Ralph Stewart, AXA New Zealand's chief executive, says the global financial crisis (GFC) and the economic recession affected insurance with existing group business scheme members not increasing their benefits last year.
"This is significant for AXA because we have the largest group market share of...
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