Axa posts 5% growth despite reinsurance declineFrance-headquartered Axa SA’s total gross written premiums and other revenues climbed 5% year on year to 66.3 billion euros ($76.5 billion), despite a 9% drop in reinsurance premiums and falling prices, Reinsurance News reported. The firm’s net income grew 9% at constant exchange rates to €4.2 billion.