Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 30th of August 2008

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:

September 4, 2007

AXA and AIG acquisitions

by Gill Montia

Story link: AXA and AIG acquisitions

Details of two acquisitions have been announced so far this week: AXA UK has acquired The Davis Group and AIG Europe has acquired Direct Travel Insurance Services.
AXA’s purchase of The Davis Group will strengthened its commercial business, which specialises in insurance for small and medium sized enterprises (SMEs).
It follows the group’s acquisition of Smart & […]



August 10, 2007

NU and Axa UK results present mixed bag

by Gill Montia

Story link: NU and Axa UK results present mixed bag

Norwich Union (NU) recorded decreased operating profit of £269 million for its general insurance business, in the six months to the end of June.
The figure, which compares with £561 million in the first-half of 2006, resulted in a combined operating ratio for the group of 102%, compared with 92% in the first-half of 2006.
Net […]



June 13, 2007

Strong Support for Countrywide Commercial Club

by Gill Montia

Story link: Strong Support for Countrywide Commercial Club

Countrywide’s new Commercial Club, which is a joint venture with AXA, is receiving strong support from brokers. Over the past two months 36 brokers have joined, representing a support commitment of £3.6m GWP.
The Commercial Club gives members of the Countrywide network the opportunity of earning additional commission on all of AXA’s commercial product lines. In […]