Economy Axa France decides to pay 300 million euros to...

Axa France decides to pay 300 million euros to 15,000 restaurateurs

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648x415 enseigne axa nice illustration

The Axa brand in Nice (illustration) – SYSPEO

Axa wants to be clear on the words: “this is not a compensation, it is a transaction”. The insurance group announced Thursday that it would release an envelope of 300 million euros for 15,000 of its restaurant customers. The goal is to absorb some of their losses due to Covid-19.

The insurer had to take the lead before finding himself a little more constrained by justice. He is indeed the target of a long list of disputes before the courts with restaurateurs that he has so far often lost.

The goal is therefore to “put behind us this difficulty, the legal vagueness that we have experienced” in the file of operating losses of restaurateurs, said on Europe 1 Thomas Buberl, CEO of the Axa group.

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