The group was dotted with a new structure. Its stable and steady progress had lasted until the s. Meanwhile, a succession of mergers with other mutuals would increase the number of policyholders. A few years later, he left France for Canada, where he joined the insurer Provinces-Unis, a subsidiary company of Ancienne Mutuellel where he developed life business.
His mandate ended in In April , a strike hit the entire insurance market for two months. Ancienne Mutuelle was, therefore, paralyzed and a new social policy seemed inevitable. From that date onwards, the history of the group and that of its ambitious leader, known as the insurance "Cowboy" became one.
The Nouvel Economiste magazine characterized him as the "avantgardist insurer" in The pool reported a turnover of million EUR in with employees worldwide. The overall turnover was then achieved in France. In February , the group had 42 companies and 16 employees. In France, AXA structure shielded it from any threat of hostile takeover thanks to the mutual companies in control of the group.
The s was marked by a restructuring move affecting operations in France. The result was a specialization in three areas: AXA Insurance which includes general agents, Uni Europe comprising insurance brokers and Franklin Assurance which covers other retail operations. The group was then well established in Europe but had no presence in U.
A, the largest market in the world. It was in that the French insurer set foot there by acquiring a majority stake in American The Equitable, just after its demutualization. This occurred after the failure of AXA to buy Farmers in Their goal was to submit a recovery plan identical to that achieved with The Equitable. An agreement was reached. What we do As our name suggests, we partner with our clients. Our mission Combining passion with advanced expertise, we design and deliver worldwide solutions for partners and communities.
We protect what matters, when it matters. Watch the video Loading Our services We create tailored service and insurance solutions to support, protect and assist our partners' customers.
Our business: protection. The property-casualty business includes the insurance of personal property cars, homes and liability personal or professional. It covers a broad range of products and services designed for our individual and business clients. Our individual and group life insurance policies encompass both savings and retirement products, on the one hand, and other health and personal protection products.
The asset management business involves investing and managing assets for the Group's insurance companies and their clients, as well as for third parties, both retail and institutional clients. Discover more about what we do. Key figures Here are some numbers we are proud of. Over million customers in 57 countries put their trust in the capabilities and expertise of the AXA Group when it comes to indemnity insurance, life insurance, savings solutions, and asset management.
To reach this goal, we focus our efforts every day on satisfying the needs of our customers. Reliable interaction with people and the environment form the basis for the trust accorded to the AXA Group day after day by our customers, employees, shareholders, suppliers and society.
The AXA Group helps its customers lead as carefree a life as possible. It protects them and their families, their property, and their assets against risks.
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