AXA Group
AXA is the holding company of the AXA Group, a global financial services provider.
The Company operates through five main business streams:
- Life & Savings,
- Property & Casualty,
- International Insurance,
- Asset Management,
- Banking.
The Life & Savings products are marketed in the UK under AXA Sun Life, and include term life, whole life, universal life, endowment, deferred annuities, immediate annuities and other investment-based products. The health products offered include critical illness and permanent health insurance products. Individual and group savings retirement products are also provided.
AXA Insurance's Property & Casualty stream is focused mainly on motor, home, property and general liability insurance for both personal and commercial customers, and includes the Swiftcover brand.
The International Insurance stream include insurance products that specifically relate to AXA Corporate Solutions Assurance.
The Asset Management segment includes diversified asset management, such as investment fund management.
The Banking stream includes banking activities conducted primarily in France and Belgium.
An additional Holding companies segment includes all non-operational activities
AXA also owns the insurance brokers Smart & Cook, Stuart Alexander and Layton Blackham.
Website: AXA Insurance
Latest AXA News:
AXA to appeal Air France crash compensation order
by Gill Montia
Story link: AXA to appeal Air France crash compensation order
Air France insurer, AXA, is to appeal against a $1 million compensation award made by a Brazilian Court to the family of a victim of last year’s Air France crash.
All 228 passengers and crew died when Air France Flight 447 from Rio de Janeiro to Paris crashed into the sea on 1st June 2009.
The cause [...]
Public backs NHS cuts on treating binge drinkers
by Richard Kilner
Story link: Public backs NHS cuts on treating binge drinkers
The British public are becoming increasingly displeased with the NHS spending taxpayers’ money on conditions occurring due to lifestyle choices, new research from AXA reveals.
Of those surveyed, 78% thought that binge drinkers requiring hospital treatment should be charged to help pay for it.
With the economy in the doldrums and the state heavily indebted, NHS cuts [...]
AXA goes for commercial business growth in Malaysia
by Gill Montia
Story link: AXA goes for commercial business growth in Malaysia
AXA has announced that its Malaysian subsidiary, AXA Affin General Insurance Berhad, has received approval from Bank Negara Malaysia (the country’s central bank), to acquire 80% of BH Insurance Berhad.
AXA general insurance chief executive officer, Jan van den Berg, describes the move as “important for the long-term growth of AXA in Malaysia” because it will [...]
Bluefin to continue acquisition spree
by Gill Montia
Story link: Bluefin to continue acquisition spree
Bluefin Insurance Services has confirmed ambitious acquisition plans spanning the next three years.
The AXA-owned broker already has over 50 branches, having acquired Lakeland Insurance Brokers and Lakeland Insurance Advisers in 2009.
The firm currently has six acquisitions in the pipeline and looking ahead, believes the current economic climate “is likely to yield further good prospects”.
It is [...]
Fire risk blights modern construction methods
by Gill Montia
Story link: Fire risk blights modern construction methods
“Building” has warned that insurance companies, including Aviva and AXA, may refuse to cover some UK buildings because of fire risk.
According to the construction magazine, recent figures from insurance research body, RISCAuthority, indicate that 40% of fires involving a loss exceeding £150,000 are related to timber-frame and light-gauge steel-frame buildings.
Concerns centre on the performance of [...]
AXA Group reports decline in UK earnings
by Richard Kilner
Story link: AXA Group reports decline in UK earnings
AXA Group has reported a decline in underlying global earnings of 6%, with €3,854m having been made in 2009.
Adjusted earnings are also down, by 18%, to €3,468m, but net income has increased hugely, rising by 283% to €3,606m.
In the UK & Ireland underlying earnings slumped by 18% from £288m to £235m, with a combination of [...]
AXA Assistance expands Rescue 24 fleet
by Gill Montia
Story link: AXA Assistance expands Rescue 24 fleet
AXA Assistance has expanded its Rescue 24 fleet with the purchase of six new rescue vehicles and one motor bike.
The fleet is deployed strategically in London and the North West of England, where it complements AXA Assistance’s existing 400-strong third party network.
Rescue 24 currently employs 40 technicians who, in addition to rescuing customers on [...]
AXA launch AXA Car Insurance
by Richard Kilner
Story link: AXA launch AXA Car Insurance
Experienced drivers can now take advantage of a new product from AXA designed to offer competitive and market-leading coverage.
The product, AXA Car Insurance, is intended to cater to the insurance needs of the UK’s 9m experienced drivers who have many years of motoring experience and few accidents/convictions.
Such drivers will be able to get comprehensive coverage [...]
AXA Insurance hires Vincent
by Richard Kilner
Story link: AXA Insurance hires Vincent
David Vincent has been hired by AXA Insurance to act as the firm’s new head of travel underwriting for the personal lines intermediated business.
Earlier in his career he spent almost a decade with RBS Insurance as part of the product management team working in travel underwriting.
Vincent will be responsible for leadership of personal lines [...]
Over-80s refused car insurance
by David Masters
Story link: Over-80s refused car insurance
Motorists over 80 years old are being denied car insurance quotes, according to new research by Age Concern and Help the Aged.
Half of motor insurance companies will not provide car insurance to drivers aged over 80, their investigation found.
A significant number of insurers refused to provide quotes for any driver over the age of 65.
The [...]
AXA appoints European CEO
by Gill Montia
Story link: AXA appoints European CEO
AXA has appointed Jacques de Vaucleroy chief executive officer of its Northern, Central and Eastern Europe Region (NORCEE) operations.
Mr de Vaucleroy will take up the post on 15th March, replacing Alfred Bouckaert, who is retiring in April.
He will be responsible for the group’s operations in Belgium, Germany, Luxembourg and Switzerland, as well as in Central [...]
AXA Assistance and Complectus launch Lease Guard
by Richard Kilner
Story link: AXA Assistance and Complectus launch Lease Guard
AXA Assistance and Complectus Ltd have together created a new end of lease insurance product to cover the costs of refurbishing a returned vehicle, within reasonable wear and tear standards.
Lease Guard provides wider coverage than that offered by most car or van insurance, including scuffs, chips, scratches, small dents, alloy wheels and interior trim.
The new [...]
AXA launches broker travel extranet
by Gill Montia
Story link: AXA launches broker travel extranet
AXA Insurance has launched AXA Travel extranet, an online portal for brokers.
According to the insurer, the new facility is easy to use and allows registered brokers with an imarket login to AXA’s broker website to provide “quality travel insurance from a recognised provider”.
Users can then actively manage their clients’ travel portfolios through the extranet, [...]
Insurers consider appeal on pleural plaques judgment
by Gill Montia
Story link: Insurers consider appeal on pleural plaques judgment
The Association of British Insurers (ABI) has commented on a legal judgment relating to the Damages (Asbestos Related Conditions) (Scotland) Act 2009.
The Act includes pleural plaques as a condition for which compensation is payable in Scotland, but insurers have argued that the plaques, which are areas of fibrosis present on the inner surface of the [...]
AXA Assistance appoints CEO
by Gill Montia
Story link: AXA Assistance appoints CEO
AXA Assistance has appointed Bob Ewers as chief executive officer of its UK and Irish operations.
Mr Ewers has been working for the wider AXA group for ten years, joining AXA Assistance in 2008 where he most recently held the post of deputy chief executive officer and was primarily focused on motor business.
He takes over from [...]
AXA Insurance appoints marketing director
by Richard Kilner
Story link: AXA Insurance appoints marketing director
AXA Insurance has announced the appointment of Tina Shortle to the post of marketing director.
In her new role Shortle will formulate and enact the insurer’s marketing activities for its direct and intermediated products.
She is to commence a review of AXA’s marketing activity, and will provide an update regarding overarching marketing strategy once it is complete.
She [...]
AXA launch motor claims iPhone app
by Richard Kilner
Story link: AXA launch motor claims iPhone app
AXA Insurance has reacted to the fact that two in three British drivers are unsure what to do in an accident by the release of a new iPhone app for motor insurance claims.
The new app (AXAdent) is available via the Apple iTunes app store and aims to guide the unfortunate motorist through the claims process [...]
Burst pipes a priority for Christmas travellers
by Gill Montia
Story link: Burst pipes a priority for Christmas travellers
AXA is urging homeowners to consider their plumbing, as the Christmas break approaches.
According to the insurer, around 35% of Britons will be away for a few days over the Christmas and winter holiday period, when burst pipes can be a bigger threat to belongings than burglary.
During December 2008 and January 2009, more people claimed for [...]
UK home to Europe’s most conscientious drivers
by Gill Montia
Story link: UK home to Europe’s most conscientious drivers
British motorist are receiving praise for their safety conscious and law abiding approach to driving.
In its annual survey of driver behaviour across ten European countries, AXA has named UK as home to the most conscientious motorists.
The research takes into account eleven different driving behaviours, some of which are demanded under the law and others regarded [...]
Towergate names Allianz top performing insurer
by Gill Montia
Story link: Towergate names Allianz top performing insurer
Towergate Risk Solutions has named Allianz and RBS-owned NIG as the top performing insurers servicing its broking operations.
The research, conducted among the group’s 100 plus broking offices, rates insurer performance when dealing with: quotations; renewals; policy documentation; mid term adjustments; claims and general service.
The key findings of the Q3 2009 survey revealed that:
Allianz scored consistent [...]
