AXA’s board of directors has announced plans to propose the renewal of Thomas Buberl’s mandate as a director for another four-year term at the company’s 2026 annual shareholders’ meeting. Subject to shareholder approval, the board intends to reappoint Buberl as chief executive officer. The decision follows a recommendation from the board’s compensation, governance and sustainability committee.
Buberl, who became CEO in 2016, has led a period of strategic restructuring at AXA, including a focus on core insurance operations and a reduction in the group’s sensitivity to financial market volatility. The board cited these efforts, along with recent financial performance, as key factors in its proposal. In 2024, AXA reported an 8% increase in total gross written premiums and other revenues, reaching €110.3 billion.
Financial Highlights
Growth was recorded across its main business areas: property & casualty, life & health, and asset management. Property & casualty premiums rose 7% year-on-year to €56.5 billion. This included a 6% increase in commercial lines, supported by volume growth and favourable pricing trends. Personal lines premiums also grew by 7%, although the company reported a decline in volumes in the UK & Ireland and Germany due to underwriting adjustments focused on profitability.
AXA XL Reinsurance recorded a 10% rise in premiums, driven by both increased volumes and pricing conditions. Board chairman Antoine Gosset-Grainville said the decision to support Buberl’s renewal was unanimous, adding that the group’s recent results reflect the outcomes of strategic changes implemented under his leadership. He described the reappointment as part of the company’s ongoing efforts to ensure stability and continuity.
Meanwhile, Buberl said he welcomed the board’s support and acknowledged the contribution of AXA’s employees. He added that the company’s transformation over recent years had strengthened its ability to navigate a more complex global environment. The vote on Buberl’s proposed reappointment is scheduled to take place at the 2026 shareholders’ meeting. The announcement also comes as AXA marks the 40th anniversary of its brand.
