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Axa sells US subsidiary stake in a bid to cut risk
27 March 2019Reduces Axa Equitable holding to 48%
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US life firms under pressure from accounting overhaul
08 January 2019It has been billed as the biggest change in US accounting rules for decades. But reportage of the new US GAAP LDTI standard remains sparse. Since coming into effect in August, with an implementation deadline of 2021, companies have been scrambling to assess the impact. Sarfraz Thind reports