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 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 & […]
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 […]
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 […]