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AXA SA
Type Public (Euronext: CS, NYSEAXA)
Founded 1985
Founder Claude Bébéar
Headquarters Paris, France
Key people Jacques de Chateauvieux (Chairman of the supervisory board), Henri de Castries (Chairman of the management board and CEO)
Industry Financial services
Products Life and health insurance, investment management
Revenue €93.63 billion (2007)[1]
Operating income €7.695 billion (2007)[1]
Net income €5.666 billion (2007)[1]
Employees 103,500 (salaried, 2007)[1]
Website www.axa.com

AXA (Euronext: CS, NYSEAXA) is a French global insurance companies group headquartered in Paris and founded in 1985 by Claude Bébéar. AXA is not the name of a single company but a group of companies independently organized and operated according to the regulations of many different countries. Sun Life Financial Inc. ... Image File history File links This is a lossless scalable vector image. ... This article does not cite any references or sources. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... For the computer game by Peter Molyneux, see The Entrepreneur. ... Claude Bébéar (born in 1935, in Isaac, France) is a French businessman. ... This article is about the capital of France. ... A chair or seat is also a seat of office, authority, or dignity, such as the chairperson of a committee, or a professorship at a college or university, or the individual that presides over business proceedings. ... A Supervisory board is a group of individuals chosen by the stockholders of a company to promote their interests through the governance of the company and to supervise and control the executive directors and CEO. Germany In Germany the Aufsichtsrat or Supervisory Board is composed of 11 non-executive directors... Henri de Castries (born August 15, 1954 in Bayonne) is the President of AXA since May 2000. ... Chief Executive redirects here. ... Financial services is a term used to refer to the services provided by the finance industry. ... Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals or individuals death. ... The term health insurance is generally used to describe a form of insurance that pays for medical expenses. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... This article is about work. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Insurance is a system to alleviate financial losses by transferring risk of loss from one entity to another. ... This article is about the capital of France. ... This article is about the year. ... Claude Bébéar (born in 1935, in Isaac, France) is a French businessman. ...


The AXA group of companies are engaged in life, health and other forms of insurance, as well as investment management. The AXA group operates primarily in Western Europe, Federation of Bosnia and Herzegovina, North America and the Asia Pacific region and the Middle East. Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals or individuals death. ... The Metropolitan Life Insurance Company is one of the largest New York based life insurance companies Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... A current understanding of Western Europe. ... The location of the FBiH entity as part of the state of Bosnia and Herzegovina in Europe. ... North American redirects here. ... Map showing general definition of Asia-Pacific The term Asia-Pacific or APAC generally applies to littoral East Asia, Southeast Asia and Australasia near the Pacific Ocean, plus the states in the ocean itself (Oceania). ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ...


There are five operating business segments with the AXA group of companies: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.


The combined group has 189,000 employees and US$122 billion of revenues in 2004. If AXA were a single company it would rank as the 15th largest company in the world (based on revenues) on the 2006 Fortune Global 500 list.[2] The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. ...

Contents

The AXA name

Despite always being written in upper case, "AXA" is not an acronym, but was chosen because its name can be pronounced easily by people who speak any language. In fact AXA as a name was also specifically chosen as it has no meaning in any language. Originally named Ancienne Mutuelle, the firm renamed itself Mutuelles Unies after acquiring another insurer in 1978; the present name dates from 1985. It has been suggested that this article or section be merged with Backronym and Apronym (Discuss) Acronyms and initialisms are abbreviations, such as NATO, laser, and ABC, written as the initial letter or letters of words, and pronounced on the basis of this abbreviated written form. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... This article is about the year. ...


On 14 June 2006, AXA acquired the leading Swiss insurance company Winterthur Group from Credit Suisse for approximately €9 billion. is the 165th day of the year (166th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Swiss may be: Related to Switzerland: the Swiss Confederation Swiss people Swiss cheese Swiss corporations Switzerland-related topics Named Swiss: Swiss, Missouri Swiss, North Carolina Swiss, West Virginia Swiss, Wisconsin Swiss International Air Lines Swiss Re SWiSS is also used as a disparaging nickname for the Socialist Workers Student Society. ... Winterthur Group is a multinational insurance company founded in Winterthur Switzerland in 1875. ... The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ...


AXA in the United Kingdom

AXA trades in the United Kingdom as AXA Sun Life, AXA Insurance, AXA Investment Managers and AXA PPP Healthcare. AXA PPP Healthcare was created when AXA bought Guardian Royal Exchange (GRE), though it subsequently sold the other parts of GRE.


AXA run its investment branch through AXA Investment Managers (IM). Most notably, AXA IM was headed in the UK by Andrew Bull and Gordon Lacey for many years in the role of Property Directors, at the Lincoln's Inn Fields office in London. Both Andrew Bull and Gordon Lacey have subsequently retired from AXA IM.


It is due to the new recruitment of Sanjan Sarin who has been offered a package of 17500GBP per day that AXA shares have started to sore through the stock markets.


AXA Schengen

AXA Schengen was created to help travelers who need a visa and a travel insurance to enter the Schengen area. It is the only product of the AXA Group that is sold directly to consumers and on the internet. Schengen is a wine-growing village in south-eastern Luxembourg near the point where the borders of Germany, France and Luxembourg come together. ...


AXA Isle of Man

AXA Isle of Man Limited was originally created as a subsidiary of AXA Sun Life in the United Kingdom, but since the Isle of Man is not a part of the United Kingdom it is regulated only by the laws of the Isle of Man which boasts as being a tax haven rival to the Cayman Islands.


Unlike the United Kingdom, the Isle of Man does not require the same access to liquidity of funds in case the company runs into problems. AXA Isle of Man Limited advertises itself as a repository for citizens of the United Kingdom and the Channel Islands who seek to shelter their assets from high taxation.


While the company trades upon the AXA logo and name and group advertising which promotes the total wealth of the group, the assets of the Isle of Man company are limited to those of the Isle of Man company itself, and this poses some risk since the island has its own police and governmental regulatory agencies. Relationship with the United Kingdom is primarily restricted to foreign affairs.


AXA Sun Life

AXA Sun Life was created following the merger between AXA Equity & Law and Sun Life Assurance Society PLC. In 2006 Winterthur Life in the UK was absorbed although AXA continue to use the Winterthur brand for high net worth wealth management business. In January 2007 AXA Sun Life was reorganised into "strategic business units" (SBU's) aimed at competing within their specific markets.[3]


The business units are:[4]

  • Wealth Management - AXA + Winterthur's Bonds + Individual Pensions
  • Corporate Business - AXA + Winterthur's Group Pensions. AXA intend to create a "Market Leading" group pension proposition using Winterthur's 'Embassy' IT platform.
  • Protection - This SBU will aim to market AXA's Protection Account as AXA continues to build on its presence in this area with the intention of becoming a leading protection provider.
  • Traditional Business - Concentrating on policies which are still in force but no longer actively marketed.
  • AXA Distribution Services - This business unit will soon unveil a wrap proposition
  • Advisory Services - This SBU consists solely of Thinc Group at present. Originally it was intended that AXA's tied distribution arm would also report into this SBU until it was recently incorporated into Thinc Group.

AXA in the United States

The United States arm of AXA is AXA Financial. AXA Financial consists of many subsidiaries; AXA Advisors, LLC, AXA Network, AXA Equitable Life Insurance, Mutual of New York (MONY) (famous for the song "Mony Mony" that the logo on its building inspired), US Financial Life, and AllianceBernstein. AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States) was founded by Henry Baldwin Hyde in 1859. ... Mony Mony was a 1968 album released by Tommy James & The Shondells in 1968. ... Note: Alliance Capital Management LP officially changed its name to AllianceBernstein L.P. on February 24, 2006. ...


On December 15 of 2006, AXA Advisors, LLC entered into agreements with LPL (Linsco Private Ledger), the country's largest independent broker-dealer. LPL agreed to provide brokerage, clearing and custody services on a fully-disclosed basis. The terms of the agreements are five years, subject to additional 24-month extensions. Services are expected to begin in August 2007. LPL Financial is one of the largest organizations of independent financial advisors [1]. Formed in 1989 through the merger of two brokerage firms, Linsco (established in 1968) and Private Ledger (established in 1973), LPL Financial has expanded its number of independent financial advisors from a few hundred to over 10...


AXA in Asia Pacific

AXA Life Insurance operates in the Asia Pacific region as AXA Asia Pacific Holdings Ltd. (AXA APH) which is the former National Mutual Life Association of Australasia, and is listed on the Australian Securities Exchange. The head office of AXA APH is located in Melbourne, Australia, and there is a major regional office in Hong Kong. As well as a strong presence in Australia, Hong Kong and New Zealand, AXA is expanding its operations in Singapore, China, India, Malaysia, the Philippines and Indonesia. The Australian Securities Exchange (ASX) is the primary stock exchange in Australia. ...


AXA General Insurance operates in the Asia Pacific region as AXA Asia P&C. The head-office of AXA Asia P&C is located in Singapore.


AXA has entered into India through Bharti Enterprises as JV Bharti AXA Life Insurance Company Ltd in 2006, and is present in fusion with OYAK, as AXA OYAK, in the Turkish market since 1999. Bharti Enterprises is a large business conglomerate based in New Delhi, India, operating primarily across India and in the Seychelles. ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ...


See also

The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...

References

2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... is the 167th day of the year (168th in leap years) in the Gregorian calendar. ...

External links


  Results from FactBites:
 
AXA Financial - About Us (115 words)
AXA Financial had approximately $643.4 billion in assets under management as of December 31, 2005.
AXA Financial is a member of the global AXA Group, a worldwide leader in financial protection and wealth management.
AXA Group's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific region.
AXA Assistance .:: USA ::. Services - Legal Assistance (132 words)
AXA Assistance provides referrals to lawyers or other legal services which include assistance in booking appointments with referred lawyers and bail bond assistance for the beneficiary.
AXA Assistance uses reasonable efforts to ensure that its referrals are made to legal service providers who meet the reasonable professional standards of the country or city where the traveler is located.
AXA Assistance will also follow up with the beneficiary in each case to ensure that the service rendered was satisfactory.
  More results at FactBites »


 

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