French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday.

Buberl, 52, has led the group since 2016 and has overseen a strategic shift focused on core insurance operations and a reduction in the company’s exposure to financial market volatility.

(Reporting by Mathieu Rosemain; editing by David Goodman)