AXA

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AXA SA
Type Public (Euronext: CS, NYSE: AXA)
Founded 1985
Headquarters Paris, France
Key people Henri de Castries, Chairman of the Management Board
Industry Financial services
Products Life insurance
Health insurance
Investment management
Revenue €71.7 billion (2005)
Employees 189,927 (31 December 2004)
Slogan Be life confident
Website www.axa.com

AXA (Euronext: CS, NYSE: AXA) is a French insurance company and the world's second largest insurance company with its 189 000 employees and 122 billions dollars of revenues in 2004. AXA ranks 15th based on revenues as the largest company in the world on Fortune's Global 500 List. AXA is engaged in life, health and other forms of insurance, as well as investment management. The Company operates primarily in Western Europe, North America and the Asia Pacific region and, to a lesser extent, in other regions, including in particular the Middle East. AXA has five operating business segments: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.

AXA runs its investment branch through AXA Investment Managers (IM).

In its various markets AXA trades under its own name, and also in the United Kingdom as AXA Sun Life and AXA PPP Healthcare. AXA Sun Life was created following the merger between AXA Equity & Law and Sun Life. AXA PPP Healthcare was created when AXA bought Guardian Royal Exchange (GRE), though it subsequently sold the other parts of GRE.

Despite always being written in upper case, "AXA" is not an acronym, but was chosen because its name can be pronounced easily by people who speak any language. Originally named Ancienne Mutuelle, the firm renamed itself Mutuelles Unies after acquiring another insurer in 1978; the present name dates to 1985.

On 14 June 2006, AXA acquired the leading Swiss insurance company Winterthur Group from Credit Suisse for approximately 9 billion euros.

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[edit] AXA in the United States

The United States arm of AXA is AXA Financial. AXA Financial consists of many subsidiaries; AXA Advisors, LLC, AXA Network AXA Equitable Life Insurance, Mutual of New York (MONY), US Financial Life, and AllianceBernstein.

Retirement Benefits Group - financial professionals dedicated to the needs of educators as well as non-profit workers.

[edit] AXA in Asia Pacific

AXA Life Insurance operates in the Asia Pacific region as AXA Asia Pacific Holdings Ltd. (AXA APH) which is the former National Mutual Life Association of Australasia, and is listed on the Australian Stock Exchange. The head office of AXA APH is located in Melbourne, Australia, and there is a major regional office in Hong Kong. As well as a strong presence in Australia, Hong Kong and New Zealand, AXA is expanding its operations in Singapore, China, India, Malaysia, the Philippines and Indonesia.

AXA General Insurance operates in the Asia Pacific region as AXA Asia P&C. The head-office of AXA Asia P&C is located in Singapore.

AXA has entered into India through Bharti Enterprises as JV "Bharti AXA Life Insurance Company Ltd" in 2006.

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