Mutual Life Insurance Company of New York
 |
|
| Société Anonyme | |
| Traded as |
Euronext: CS CAC 40 Component |
| Industry | Financial services |
| Founded | 1817 |
| Founder | Claude Bébéar |
| Headquarters | 25 Avenue Matignon, Paris, France |
|
Area served
|
Worldwide |
|
Key people
|
Thomas Buberl (CEO) Denis Duverne (Chairman of the Board) |
| Products | Life, health, property and casualty insurance, investment management |
| Revenue | €100.19 billion (2016) |
| €5.82 billion (2016) | |
| Total assets | €893 billion (2016) |
| Total equity | €70.6 billion (2016) |
|
Number of employees
|
165,000 (2017) |
| Website | www |
AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.
The AXA Group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East, with presence also in Africa. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The company is a component of the Euro Stoxx 50 .
The company was founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies. It went on to buy the Drouot Group in 1982, becoming Mutuelles Unies/Drouot. It adopted the AXA name in 1985. The takeover of the American insurance company The Equitable, came in 1991. It bought Union des Assurances De Paris (UAP), France's largest insurer, in 1996 becoming AXA-UAP for a while before reverting to the name AXA in 1999. Then in February 1999 AXA acquired Guardian Royal Exchange. In May 2000 AXA acquired all shares it did not already own in Sun Life & Provincial Holdings. On 14 June 2006 AXA acquired the leading Swiss insurance company Winterthur Group from Credit Suisse for approximately €9 billion.
According to a 2011 paper by Vitali et al., AXA was the second most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition with Barclays and State Street Corporation taking the 1st and 3rd position, respectively.
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Wikipedia