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Another senior executive leaving French insurer

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Nicolas Moreau, CEO of Axa France, will step down on June 30, Paris-based Axa S.A. announced Wednesday.

Mr. Moreau has been at Axa for 25 years and previously served as CEO of Axa Investment Managers and headed Axa's operations in the United Kingdom and Ireland before being appointed CEO of Axa France in 2010.

“Nicolas has had an exemplary career at Axa, and I want to very warmly thank him for his many contributions to the success of the group in his successive roles,” Henri de Castries, CEO of Axa, who will himself retire in September, said in the statement.

“I thank Henri de Castries for his trust over these 25 years, and I wish the new leadership team led by Thomas Buberl every success, together with employees, agents and partners I have had the pleasure and fortune to work with at Axa,” Mr. Moreau said in the statement.

Mr. Buberl will take over from Mr. Castries as CEO of Axa on Sept. 1.