Axa

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The Axa S. A. is a French insurance company with Paris as its headquarters. The corporation insures individuals and businesses.

Group Profile

The AXA Group is one of the largest international insurance groups and capital managers in the world. With a focus on Western Europe, North America and the Asia- Pacific region managed Axa (as of 31 December 2010), a fortune of 1.1 trillion euros. The company achieved 2011 (2010) sales of 86.1 (91 ) billion euros. The result from operating activities amounted to approximately 3.9 billion euros in 2010.

The AXA Group is one made ​​in Germany with revenues of 10.6 billion Euros (2011) and 10,898 employees of the leading insurers and financial services providers in Germany. Defines its business activities, the company with " care, asset management and insurance ." These include primarily property and casualty insurance, private pension schemes such as life and health insurance, company pension solutions as well as investments and financing. The range is aimed at private customers as well as to corporate and commercial customers alike.

The AXA ordinary share is listed on the Paris Stock Exchange and is traded under the symbol AXA. On the New York Stock Exchange Axa is also listed as an ADS under the ticker symbol AXA.

History

1816/1817, the company was founded under the name of Mutuelle de L' assurance contre L' incendie in France. In 1978 Compagnie Parisienne de Garantie and 1982, the Drouot Group was acquired in France.

Part of the Axa Group, whose company Axa was adopted in 1985, is the Axa Germany, whose CEO 2012 Dr. Thomas Buberl since the 1st of May, who was previously CEO of Zurich Financial Services Switzerland. From 1 January 2007, Frank Keuper has held this position since 2004, having worked in this capacity at DBV -Winterthur. By August 2005, had Claus- Michael Dill CEO of Axa Germany. He followed Eugène Teysen who previously sat in the Belgian financial services provider Fortis on the board.

As a consequence of the terrorist attacks on 11 September 2001, the Axa Group announced its 850 million -euro loss insurance for the 2002 World Cup by FIFA.

2005, the AXA Group announced, as part of pilot -projects, individual work processes internal management - for example, within the payroll - to India and Latvia to relocate. Work processes that affect the processing of claims, were not affected by this so-called "off -shoring ".

On 14 June 2006 it was announced that AXA will take over the Swiss Winterthur from Credit Suisse for 7.9 billion euros. Thus, the until then second largest insurance group in Europe rose to the first place and reconditioned according to income and sales significantly the German alliance, which fell in early 2009 with the sale of Dresdner Bank to Commerzbank sales. Third largest insurance group in Europe is the Italian Generali.

In June 2007, AXA sold its Netherlands business to the local competitors SNS Reaal for 1.75 billion euros. Under the transaction, the Utrecht also take over the Dutch operations of Axa subsidiary DBV -Winterthur.

Subsidiaries

Axa Germany

In 1994, the Axa Group in Germany the direct insurer Axa Direct in Dreieich as a 100 percent subsidiary of the Axa Direct Holding, Paris. Thus, the Axa brand was the first time in the largest European insurance market presence. 1997/1998, the merger of Axa Direct and Direct Tellit made ​​at Axa Direct Tellit and 1998, the direct insurance with the name " Safe Direct" an independent profile in the Axa Group. The name should make the concept clear and has been out in France and Spain by the local direct insurers ( Direct Assurance and Direct Seguros ).

The Axa Group has become generally known in Germany only with the acquisition of Colonia. The Colonia Insurance Group was founded in 1839 in Cologne and acquired by Axa in 1997. In the early years the company was still called Axa Colonia. Today's German Axa employs approximately 11,500 people who serve approximately 16 million contracts of 8 million customers. International on all five continents in more than 60 countries, employs approximately 216,000 employees Axa and agents that serve about 80 million customers.

A 100 - % subsidiary of Axa Germany is the German Medical Insurance ( Daev ). Legal form of distribution of Daev done as German doctors finance. The market share of the German Medical insurance is estimated at 12%. In connection with the acquisition of DBV- Winterthur with a market share of approximately 40% (especially medical liability ) in the Medical segment takes the Axa future here a leading position.

The acquisition of the Winterthur Insurance and therefore the German subsidiary of DBV -Winterthur new business opened up for Axa in the " public sector ", one of the core competencies of the DBV. Usually, the Axa pursuing a single-brand strategy ( all under one brand name). For the " public sector", DBV brand will continue to be used.

In 1983, the subsidiary AXA Millésims was founded, the driving force of the wine industry investments was the then General Manager of AXA, Claude Bébéar. Christian Seely is responsible for the wineries of the AXA Group, such as Château Pichon Longueville -Baron, Château Suduiraut, Domaine de l' Arlot, Château Petit -Village Pomerol, Quinta do Noval, among others

Another subsidiary is the German financial academics.

Axa Winterthur

AXA Insurance Ltd ( AXA Winterthur), the end of 2006 emerged from the Swiss parent company acquired through AXA Winterthur Group. With a market share of around 20 percent of the AXA Insurance is number 1 in the Swiss insurance market. The product range includes personal injury, property, liability, vehicle, credit and travel insurance and pension solutions for individuals and businesses.

The company employs approximately 4,300 employees. In the distribution network of some 300 independent general agents and agencies also has some 2,900 external employees are working for AXA Insurance. With around 1.7 million insured scored AXA Insurance 2009 premium volume of 10.233 billion Swiss francs.

Axa in the UK

AXA offers in the United Kingdom as AXA Insurance, AXA Investment Managers and AXA PPP Healthcare various services.

Axa Isle of Man

AXA Isle of Man Limited was originally created as a subsidiary of AXA Sun Life in the UK, but as the Isle of Man is not part of the United Kingdom is governed by the laws of the Isle of Man.

Axa Canada

AXA Canada offers insurance services through a network of subsidiaries. Across the various Canadian regions such as Quebec, Ontario, Western Canada and Atlantic Canada In 2009, the company had a total of approximately 2,300 employees and 4,000 brokers and consultants. The headquarters are located in Montreal, Quebec.

Criticism

In the fall of 2012, the company got into the public criticism because it grants special rates and discounts for CDU members.

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