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http://en.wikipedia.org/wiki/AXA
AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of insurance, as well as investment management. The group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East. The AXA Group encompasses five operating business segments: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.
Type Traded as
AXA S.A.
Socit Anonyme Euronext: CS (http://europeanequities.nyx.com /en/search_instruments /CS?type=Stock) , OTCQX: AXAHY (http://www.otcmarkets.com/stock /AXAHY/quote)
1 History 2 The AXA name 3 Operations 3.1 In the United Kingdom 3.1.1 AXA Sun Life 3.2 On the Isle of Man 3.3 AXA Schengen 3.4 In Canada 3.5 In the United States 3.6 In Mexico 3.7 In Asia Pacific 4 Capital Ownership 5 Head office 6 Philanthropic initiatives 7 See also 8 References 9 External links
Headquarters 8th arrondissement, Paris, France Area served Key people Products Revenue Profit AUM Total assets Total equity Employees Website Worldwide Henri de Castries (Chairman and CEO) Life and health insurance, investment management 86.107 billion (2011)[1] 4.324 billion (2011)[1] 1.103 trillion (2011)[1] 731.65 billion (2011)[1] 49.70 billion (2011)[1] 102,960 (2010)[1] axa.com (http://www.axa.com/en)
The company was originally founded in 1817 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle).[2] It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies.[3] It went on to buy the Drouot Group in 1982, becoming Mutuelles Unies/Drouot. It adopted the at AXA name in 1985.[3] The takeover of The Equitable, a well-known American insurer, came in 1991.[3] It bought Union des Assurances De Paris (UAP), France's largest insurer, in 1996 becoming AXA-UAP for a while before reverting to the name AXA in 1999.[4] Then in February 1999 AXA acquired Guardian Royal Exchange.[5] In May 2000
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AXA acquired all shares it did not already own in Sun Life & Provincial Holdings.[6] On 14 June 2006 AXA acquired the leading Swiss insurance company Winterthur Group from Credit Suisse for approximately 9 billion.[7]
Despite 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. After acquiring the Drouot Group in 1982, Chairman and CEO Claude Bbar hired an outside consultant to conduct a computer-aided search for a new name. Bbar wanted a short and snappy name to convey vitality and could be pronounced the same way in every language, consistent with the group's desire for an international presence. Initially, "Elan" was the top choice, but Canadian executives balked because "elan" is the French word for where a moose or elk--two of the least intelligent animals in the world--live.. In 1985, Bbar chose the name AXA. This decision fit perfectly because his first preference was for the new name to start with "A" so it would appear at the top of all directories.[8]
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propositions. AXA sold AXA Sun Life Holdings Ltd to Resolution Limited in autumn 2010.[11][12]
AXA Schengen
AXA Schengen Travel Insurance provides insurance to travelers who need a visa to enter the Schengen Area.
In Canada
AXA Canada offers insurance services through a network of affiliates operating in the different Canadian regions such as Quebec, Ontario, Western Canada and Atlantic Canada. In 2009, the company had a total of approximately 2,300 employees and 4000 brokers and advisors. The head office is in Montreal, Quebec. In 2011, AXA's Canadian operations were acquired by Intact Financial Corp. for C$2.6 billion.[13]
In Mexico
In July 2008, AXA acquired ING Insurance Mexico, they are offering essentially the same services that ING offered. The Chairman in Mexico is Xavier de Bellefon.
In Asia Pacific
AXA Life Insurance operated in the Asia Pacific region as 'AXA Asia Pacific Holdings Ltd. (AXA APH) which is the former National Mutual Life Association of Australasia founded by actuary John Montgomery Templeton[15] The AXA Collection[16] and was listed on the Australian Securities Exchange. The head office of AXA APH was located in Melbourne, Australia, and there was a major regional office in Hong Kong. AMP acquired AXA Asia Pacific in 2011; it retained AXA APH's Australia and New Zealand operations, and sold the Asia operations to AXA.
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AXA Asia - Based in Hong Kong, the AXA Asia Regional Office is responsible for supporting the Group's existing operations in Hong Kong, China and South East Asia, propelling its perpetual growth, and looking for new markets and business development opportunities for AXA in Asia.[17] 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. In Malaysia, AXA is operated by Affin Bank Malaysia instead of the AXA itself, the headquarters of AXA Malaysia is in Kuala Lumpur. AXA has entered the Indian market through Bharti Enterprises as a joint venture and entered into joint venture with Bank Of India in 2012. AXA has three ventures in India, Bharti AXA Life Insurance Company Ltd, Bharti AXA General Insurance Co. Ltd. and Bank Of India AXA Investment Managers,[18] and is also present in fusion with OYAK, as AXA OYAK, in the Turkish market since 1999. The Metropolitan Bank and Trust Company of the Philippines subsequently entered into joint ventures with corporation the National Mutual Holdings Ltd. of Australia to create Philippine AXA Life Insurance Corporation.
AXA head office in Paris
U.S.A. 18.8% France 16.5% United Kingdom 11.5% AXA Employees 6.5% BNP Paribas 5.4% Edward L. Skyward 5.1% Sumitomo Mitsui 4.0% Qatar Investment Authority 3.8% Capital Ownership at December 31, 2010[19]
The head office of AXA is located in the 8th arrondissement of Paris.[20] AXA, which already owned 23 Avenue Matignon, acquired the former Hotel de La Vaupalire, an 18th century building, in the late 1990s. Architect Ricardo Bofill integrated the facade of the hotel with a modern glass building that covers the courtyard that the hotel also occupies. The complex serves as AXA's head office.[21]
In Mexico, as a cultural legacy for the company and the country, started la coleccion AXA, directed by art curator Patricia Martn. The collection integrated pieces from artist like Hector Zamora, Luis Felipe Ortega, Pedro Reyes, Stefan Brggemann, Mario Garca Torres, Abraham Cruzvillegas, Damian Ortega and Carlos
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Amorales.[22] Besides its artistic and social philanthropic initiatives (AXA Heart in action),[23] AXA created the AXA Research Fund in 2008. Endowed with 100 millions, it provides support for research focused on understanding and preventing the risks threatening the environment, human life and our societies. 256 basic-research projects were funded within three years, including 230 young researchers, PhDs or in postdoctoral year, working in laboratories all around the world. In addition to this support, AXA gathers every year the young fellows to meet a world-class researcher, exchange best practices and network, above any education or discipline. The Fund has also awarded 11 endowments for several million euros supporting research institutions of excellence ( HEC Paris, NUS, University of Bristol, LSE, MetOffice, INSERM, IHES...). These Research and Education Chairs intend to attract the best scientists. For example, the AXA - Polytechnique Chair in Cellular Cardiovascular Engineering,[24] held by Abdul Barakat, aims to promote research on cardiovascular diseases, but also to train and develop young researchers through extended educational programs. The 256 research projects funded as of today are implemented in 22 countries with researchers of 42 different nationalities. The Scientific Board is chaired by Ezra Suleiman and composed of eminent members of the academic world and AXA Group representatives Pascale Cossart, Brian Hoskins, Jos Scheinkman, member of the Scientific Board and James Vaupel. Website and list of supported projects on the axa.research.org website.[25]
AXA Private Equity AXA Bank Europe European Financial Services Roundtable Science Fundamental science List of investors in Bernard L. Madoff Securities
Notes
1. ^ "Annual Report 2010" (http://www.axa.com/en/investor/resultsreports /earnings/) . AXA. http://www.axa.com/en/investor /resultsreports/earnings/. Retrieved 17 April 2011. 2. ^ "Axa Isle of Man: History" (https://www.axaiom.co.im/dotnet/ePublic /basic.aspx?id=AdvCorpAXAGrp) . Axa-iom.co.im. 1996-11-12. https://www.axa-iom.co.im/dotnet /ePublic/basic.aspx?id=AdvCorpAXAGrp. Retrieved 2012-12-20. 3. ^ a b c "milestones" (http://www.axa.com/en/group /history/milestones/) . Axa. http://www.axa.com
abcdef
/en/group/history/milestones/. Retrieved 2012-12-20. 4. ^ Axa to buy UAP (http://www.iht.com/articles /1996/11/13/insurance.t.php) International Herald Tribune, 13 November 1996 5. ^ Axa of France to buy Guardian of Britain (http://query.nytimes.com /gst/fullpage.html?res=9E01E1DC1238F931A35751 C0A96F958260) New York Times, 2 February 1999 6. ^ Sun Life Stock soars as Axa ups bid to 24bn for remaining stake (http://www.independent.co.uk /news/business/news/sun-life-stock-soars-as-axaups-bid-to-pound24bn-for-remaining-stake716723.html) Independent, 3 May 2000
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7. ^ Axa buys Swiss rival Winterthur (http://news.bbc.co.uk/1/hi/business/5078442.stm) BBC News, 14 June 2006 8. ^ "The AXA brand" (http://www.axa.com/en/group /history/axa-brand/) . Axa.com. http://www.axa.com /en/group/history/axa-brand/. Retrieved 2012-12-20. 9. ^ Press releases 2006 AXA reorganises to build a more customer focused organisation (http://www.axa.co.uk/media/pressreleases /2006/pr20061129_1500.html) 10. ^ "sunlifedirect.co.uk" (http://www.sunlifedirect.co.uk/) . sunlifedirect.co.uk. 2012-03-23. http://www.sunlifedirect.co.uk/. Retrieved 2012-12-20. 11. ^ Phillips, Liz; Morris, Sylvia (30 June 2010). "Three million Axa savers sold to zombie fund guru" (http://www.dailymail.co.uk/money/article-1290691 /Three-million-Axa-savers-sold-zombiefund-guru.html) . Daily Mail (London). http://www.dailymail.co.uk/money/article-1290691 /Three-million-Axa-savers-sold-zombiefund-guru.html. 12. ^ http://www.fsa.gov.uk/pubs/final /resolution_axa.pdf 13. ^ Rocha, Euan (31 May 2011). "Intact to acquire AXA's Canadian arm for C$2.6 billion" (http://www.reuters.com/article/2011/05/31/usaxacanada-intact-idUSTRE74U62C20110531) . Reuters. http://www.reuters.com/article/2011/05 /31/us-axacanada-intact-idUSTRE74U62C20110531. 14. ^ ""About Us: AXA Group"" (http://www.axaequitable.com/axa/axa-group.html) . http://www.axaequitable.com/axa/axa-group.html. 15. ^ by Ann-Mari Jordens. "Biography - John Montgomery Templeton - Australian Dictionary of Biography" (http://adbonline.anu.edu.au/biogs /A060269b.htm) . Adbonline.anu.edu.au.
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http://adbonline.anu.edu.au/biogs/A060269b.htm. Retrieved 2012-12-20. ^ http://www.unimelb.edu.au/culturalcollections /research/collections2/kousidis.pdf ^ "AXA Hong Kong - AXA Asia Regional Office" (http://www.axa.com.hk/html/AXA_PRO/eng/misc /axa-asia.html) . Axa.com.hk. http://www.axa.com.hk /html/AXA_PRO/eng/misc/axa-asia.html. Retrieved 2012-12-20. ^ "boiaxa-im.com" (http://www.boiaxa-im.com/) . boiaxa-im.com. http://www.boiaxa-im.com/. Retrieved 2012-12-20. ^ "[1] (http://www.axa.com/en/group/profile/figures/) " ^ "Contacts (http://www.axa.com/en/question.aspx) ." AXA. Retrieved on 7 July 2010. ^ "Axa allie patrimoine et modernit (http://www.journaldunet.com/economie/reportage /les-sieges-sociaux-des-entreprises-du-cac-40/axaallie-patrimoine-et-modernite.shtml) ." Le Journal du Net. Retrieved on 7 July 2010. ^ "Arte" (http://axa.mx/Personas/ConoceAXA /Arte/Paginas/ColeccionAXA.aspx) . Axa.mx. 2010-12-29. http://axa.mx/Personas/ConoceAXA /Arte/Paginas/ColeccionAXA.aspx. Retrieved 2012-12-20. ^ "axa-atoutcoeur.fr" (http://www.axa-atoutcoeur.fr) . axa-atoutcoeur.fr. http://www.axa-atoutcoeur.fr. Retrieved 2012-12-20. ^ "chair-axa-cce.polytechnique.fr" (http://chairaxa-cce.polytechnique.fr) . chairaxa-cce.polytechnique.fr. http://chairaxa-cce.polytechnique.fr. Retrieved 2012-12-20. ^ "axa-research.org" (http://www.axaresearch.org/en) . axa-research.org. 2012-11-29. http://www.axa-research.org/en. Retrieved 2012-12-20.
Official website (http://www.axa.com/) AXA Asia Pacific Holdings official site (http://www.axaasiapacific.com.au)
Retrieved from "http://en.wikipedia.org/w/index.php?title=AXA&oldid=543616062" Categories: CAC 40 1816 establishments in France AXA Insurance companies of France Insurance companies of Australia Companies based in Paris Companies established in 1816 Companies of France Life insurance companies This page was last modified on 12 March 2013 at 12:13.
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