Covid-19: insurer Axa France will pay 300 million euros to 15,000 restaurateurs to put an end to legal disputes

The group is the subject of a long list of litigation before the courts which it has so far often lost.

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Good news for restaurateurs. The insurance group Axa announced Thursday, June 10 that it would release an envelope of 300 million euros for 15,000 of its restaurant customers, in order to absorb part of their losses due to Covid-19.

“It’s not compensation, it’s a transaction” in order 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, targeted by a long list of disputes before the courts that he has so far often lost.

Nearly 1,500 restaurateurs, holders of an insurance contract with a guarantee of operating losses without damage, had taken the insurer to court to obtain compensation, recalls the radio. “I regret everything that happened, because we were divided with the restaurateurs because of a misunderstanding (…) We want to put that behind us”, added Thomas buberl.

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