--France's AXA is considering selling or spinning off its property-reinsurance business in order to cut its exposure to natural disasters, Reuters reports, citing unnamed sources.

--The insurer is looking at different options for XL Re, though no transaction is guaranteed, Reuters reports.

--AXA didn't comment when contacted by Reuters.

Full story: https://t.ly/YQDz

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

July 12, 2023 04:52 ET (08:52 GMT)

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