Axa Insurance raises 95 bil. yen to bolster 2 units.TOKYO, May 23 Kyodo Axa Insurance Holding Co. raised 95 billion yen in funds from its French parent Axa SA in March to bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz the capital bases of its two units, Axa Life Insurance Co. and Axa Group Life Insurance Co., company sources said Friday. The capital infusions were intended to expand the units' operations and improve their financial health after the insurers were hit by plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: stock prices, the sources said. Axa Insurance Holding was formed in 2000 by Axa and Nichidan Life Insurance Co., a Japanese insurer specializing in group life insurance. Nichidan changed its name to Axa Group Life Insurance in 2001. |
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