Risk appetite among investors dissipated from the market Thursday
Low interest rates has led to multiple insurers considering changes to their business structure.
New Alliance Bernstein CEO Seth Bernstein and executives of major shareholder AXA have indicated they're inclined to keep former chief Peter Kraus's strategies, despite his unceremonious dismissal.
Axa, Europe's second largest. insurer will sell a minority stake in its US operations after ousting AllianceBernstein CEO Peter Kraus.