UPDATE 1-Axa plans to move into securitizations

Newswire

(Adds Axa confirmation, background) PARIS, April 27 (Reuters) - French insurer Axa is planning to securitize some of its French automotive insurance policies, in what would be the first such transaction in France, it confirmed on Wednesday. Axa is in talks with French insurance regulators over approval of the plan and wants to complete its first securitization before the end of 2005, the insurer said, confirming a story in the Wall Street Journal Europe. Axa plans to securitize -- ...

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