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28 May 2012

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AXA RE raises E1.26bn fresh capital in 1Q

AXA Real Estate, the property arm of France's largest insurer, raised E1.26bn fresh capital in first quarter, including E800m for segregated accounts reflecting a growing trend for investors to seek separate mandates. "We expect to see this strong capital raising momentum for the remainder of the year," said Kiran Patel, global head of business development.

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