AXA

AXA is a French multinational protection firm headquartered in the eighth arrondissement of Paris that takes part in worldwide protection, speculation administration, and other money related administrations. The AXA Group works principally in Western Europe, North America, the Asia Pacific district, and the Middle East, with vicinity likewise in Africa. AXA is an aggregate of freely run organizations, worked by laws and regulations of a wide range of nations. The organization is a part of the Euro Stoxx 50 securities exchange file. The organization was initially established in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). It obtained Compagnie Parisienne de Garantie in 1978 and got to be Mutuelles Unies. It went ahead to purchase the Drouot Group in 1982, getting to be Mutuelles Unies/Drouot. It received the AXA name in 1985.The takeover of the American insurance agency The Equitable, came in 1991. It purchased Union des Assurances De Paris (UAP), France's biggest back up plan, in 1996 getting to be AXA-UAP for some time before returning to the name AXA in 1999. Then in February 1999 AXA gained Guardian Royal Exchange. In May 2000 AXA procured all shares it didn't officially own in Sun Life and Provincial Holdings. On 14 June 2006 AXA obtained the main Swiss insurance agency Winterthur Group from Credit Suisse for roughly �9 billion. 

The AXA name 

In spite of being composed in capitalized, "AXA" is not an acronym, but rather was picked on the grounds that its name can be declared effortlessly by individuals who talk any dialect. In the wake of gaining the Drouot Group in 1982, Chairman and CEO Claude B�b�ar enlisted an outside advisor to direct a PC supported quest for another name. B�b�ar needed a short and smart name to pass on essentialness and could be proclaimed the same route in each dialect, predictable with the gathering's craving for a worldwide vicinity. At first, "Elan" was the top decision, however Canadian administrators recoiled in light of the fact that "elan" is the French word for a moose or elk. In 1985, B�b�ar picked the name AXA.

Axa Group worldwide areas 

Operations

In the United Kingdom 

AXA exchanges the United Kingdom as AXA UK utilizing various backups, for example, AXA Sun Life, AXA Insurance, AXA Investment Managers, AXA Wealth and AXA PPP Healthcare. AXA PPP Healthcare was made when AXA purchased Guardian Royal Exchange (GRE), however it in this manner sold alternate parts of GRE to Aegon. The organization additionally possesses the online safety net provider Swiftcover, dissemination business Bluefin and asset director Architas. In January 2007 AXA was revamped into "key specialty units" (SBU's) went for contending inside of their particular markets. In September 2013, AXA Wealth was fined �1.8m by the FCA for neglecting to guarantee it gave suitable venture guidance to its clients. The controller says it discovered "genuine imperfections" in the way AXA guides in Clydesdale Bank, Yorkshire Bank and the West Bromwich Building Society exhorted clients on investments.

AXA run its speculation branch through AXA Investment Managers (IM). 

AXA Sun Life

AXA Sun Life was made after the merger between AXA Equity and Law and Sun Life Assurance Society PLC. In 2006 Winterthur Life in the UK was ingested despite the fact that AXA keep on utilizing the Winterthur brand for high-total assets riches administration business. The specialty units are:

AXA Wealth � This incorporates AXA + Winterthur's Bonds + Individual Pensions, AXA Distribution Services who offer the Elevate wrap stage and Architas. 

Corporate Business � AXA + Winterthur's Group Pensions. AXA expect to make a "Business sector Leading" gathering annuity recommendation utilizing Winterthur's "Consulate" IT stage. 

Assurance � This business plans to market AXA's Protection Account as AXA keeps on expanding on its vicinity around there with the aim of turning into a main security supplier. 

Customary Business � Concentrating on strategies which are still in power yet no more effectively showcased. 

SunLife This business concentrates exclusively on offering assurance and investment funds items specifically to those in the UK. 

Bancassurance � This business is in charge of an admonitory and deals constrain that offer AXAs items and recommendations. 

AXA sold AXA Sun Life Holdings Ltd to Resolution Limited in harvest time 2010, whilst holding AXA Wealth (counting Architas and the Elevate wrap stage), SunLife and Bancassurance specialty units. Conclusion of the Bancassurance arm was declared in April 2013.

AXA PPP healthcare

AXA PPP medicinal services is a UK private restorative protection supplier. 

AXA PPP social insurance was initially known as The London Association of Hospital Services, which was set up in 1938 as a private human services plan for individuals of center salary in London. 

The organization has its central station in the town of Tunbridge Wells in Kent, England, and is the town's biggest private segment business. AXA PPP human services gives singular private restorative protection to people and business and in addition worker help programs. 

In 2009, AXA PPP International was made, providing food for the ostracize wellbeing spread business sector. 

On the Isle of Man 

AXA Isle of Man Limited was initially made as an auxiliary of AXA Sun Life in the United Kingdom, however since the Isle of Man is not a part of the United Kingdom it is controlled rather by the laws of the Isle of Man. AXA Isle of Man Limited publicizes itself as a vault for residents of the United Kingdom and the Channel Islands who look to shield their advantages from tax assessment. 

While the organization exchanges upon the AXA logo, name and gathering publicizing which advances the aggregate abundance of the gathering, the advantages of the Isle of Man organization are constrained to those of the Isle of Man organization itself. 

AXA Schengen 

AXA Schengen Travel Insurance gives protection to voyagers who require a visa to enter the Schengen Area. 

In Canada 

AXA Canada offers protection administrations through a system of associates working in the distinctive Canadian locales, for example, Quebec, Ontario, Western Canada and Atlantic Canada. In 2009, the organization had a sum of around 2,300 representatives and 4000 merchants and counselors. The head office is in Montreal, Quebec. In 2011, AXA's Canadian operations were obtained by Intact Financial Corp. for C$2.6 billion.

In the United States

The American arm of AXA will be AXA Financial, inc., which is referred to primarily through its backups, for example, AXA Advisors, LLC, AXA Equitable Life Insurance, AXA Network, MONY (previous Mutual of New York), US Financial Life, and AllianceBernstein. The Equitable was procured in 1991; MONY was gained in 2004.

On December 15, 2006, AXA Advisors, LLC went into concurrences with LPL (Linsco Private Ledger), the nation's biggest free representative merchant. LPL consented to give financier, clearing and authority administrations on a completely revealed premise. The terms of the assentions are five years, subject to extra 24-month expansions. Administrations started in August 2007. 

In Gulf and Middle East

AXA is available in GCC nations as AXA Insurance (Gulf) B.S.C. Present in the area for over 60 years, AXA is the biggest back up plan in the GCC with branches crosswise over Bahrain, Oman, UAE and Qatar. In Saudi Arabia AXA is known as AXA Cooperative Insurance. It offers protection for people and organizations with Health, Motor, Home, Travel, Personal and Group Accident, Fire, Engineering, Life and different other products.

AXA is available in Lebanon as AXA Middle East. In 2000, AXA bunch gained 51% of SLF' capital and the Nasnas and Hanemoglou's Group the staying 49% to begin the operations in Middle East. 

AXA has additionally begun operations in Egypt in the year 2015, focusing to offer Life, Health and Property and Casualty protection spreads to people, SMEs and corporate customers and influence the quality of its worldwide presence.

In Mexico

In July 2008, AXA obtained ING Insurance Mexico, offering basically the same administrations that ING advertised. 

In Asia Pacific

AXA Asia - Based in Hong Kong, AXA Asia is the Regional Office of AXA in Asia, with working organizations crosswise over Life Insurance in 8 markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India, Thailand, and the Philippines) and General Insurance in 7 markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India and Thailand) 

They have joint endeavors in the Life business in: 

- Malaysia as AXA Affin Life Insurance 

- China as ICBA-AXA Life 

- China as AXA Tian Ping 

- India as Bharti-AXA Life 

- India as Bharti-AXA General Insurance 

- Japan as AXA Direct Insurance 

- Thailand as Krungthai AXA Life 

They have joint endeavors in General Insurance in: 

- Malaysia as AXA Affin GI 

Capital ownership 

United States 18.8% 

France 16.5% 

United Kingdom 11.5% 

AXA workers 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 

Headquarters

AXA home office is situated in the eighth arrondissement of Paris. AXA, which effectively possessed 23 Avenue Matignon, obtained the previous Hotel de La Vaupali�re, an eighteenth century working, in the late 1990s. Modeler Ricardo Bofill coordinated the veneer of the lodging with a current glass constructing that covers the patio that the inn likewise involves. The mind boggling serves as AXA's head office.

Altruistic initiatives

In Mexico, as a social legacy for the organization and the nation, began la coleccion AXA, coordinated by workmanship caretaker Patricia Mart�n. The accumulation incorporated pieces from craftsman such as Hector Zamora, Luis Felipe Ortega, Pedro Reyes, Stefan Br�ggemann, Mario Garc�a Torres, Abraham Cruzvillegas, Damian Ortega and Carlos Amorales.

Other than its imaginative and social humanitarian activities (AXA Heart in action), AXA made the AXA Research Fund in 2008. Enriched with �100 million, it prov