AXA Negotiates Final Deal for Prima Assicurazioni Acquisition

AXA has reached a final deal to acquire Prima Assicurazioni, with shares in Genworth rising on a UK court ruling that could lead to a $750 million windfall. AXA has also won a $908 million UK court ruling against Santander over protection insurance. Private equity firm CAPZA has bought a minority stake in DI Environnement, and Markel Insurance has appointed Chelsea Jiang as Managing Director of Greater China. AXA has announced a share buyback agreement for up to €3.8 billion and BNP Paribas has acquired AXA IM despite bad news.

AXA SA has reached a final agreement to acquire Italian car insurer Prima Assicurazioni for approximately €1 billion, including debt [1]. The French insurer has emerged as the front-runner in negotiations, beating out other European insurance companies. The acquisition will see the top management of Prima Assicurazioni remain in charge, with the company expanding its client base to over 4 million across Europe since 2022 [1].

Meanwhile, shares of Genworth Financial have risen following a UK court ruling that could result in a $750 million windfall for the company [2]. The ruling found Santander liable for losses incurred by AXA from mis-selling payment protection insurance policies. The ruling entitles Genworth to a portion of the recovered funds, which will be used for investments, share buybacks, and debt repayment [2].

Additionally, AXA has won a significant UK court ruling against Santander, totaling approximately £680 million (€781.53 million) for mis-selling of payment protection insurance (PPI). The ruling pertains to losses from mis-selling complaints related to PPI policies underwritten by companies acquired by AXA from Genworth in 2015 [3]. This ruling follows AXA's legal proceedings initiated in 2021, which involved more than 650,000 customer complaints regarding PPI policies [3].

Private equity firm CAPZA has also purchased a minority stake in DI Environnement, while Markel Insurance has appointed Chelsea Jiang as Managing Director of Greater China. AXA has announced a share buyback agreement for up to €3.8 billion, and BNP Paribas has acquired AXA IM despite recent challenges [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-01/axa-nears-1-billion-deal-for-italy-s-prima-assicurazioni
[2] https://www.morningstar.com/news/dow-jones/202507256660/genworth-shares-rise-on-uk-court-ruling-that-could-lead-to-750-million-windfall
[3] https://finance.yahoo.com/news/axa-wins-uk-court-ruling-100033875.html