AXA Considers Sale of PE Unit

French insurer AXA is considering a sale of its private equity unit, Reuters reported Wednesday. The unit has roughly 20 billion euros ($27.3 billion) under management. A sale would likely be a response to tougher capital requirement rules aimed at bolstering the financial industry, Reuters wrote. A review of the PE unit is in a “preliminary stage,” Reuters said.

ManagersNorth AmericaUSBriefs