Axa S.A. (styled as 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.

Axa S.A.
TypePublic (Société Anonyme)
CAC 40 Component
IndustryFinancial services
Founded1816; 205 years ago (1816)[1]
FounderClaude Bébéar
Headquarters25 Avenue Matignon, ,
Area served
Key people
Thomas Buberl (CEO)
Denis Duverne
(Chairman of the Board)
ProductsLife, health, property and casualty insurance, investment management
RevenueIncrease 103.5 billion (2019)[2]
Increase €4.20 billion (2019)[2]
Increase €3.85 billion (2019)[2]
Total assetsIncrease €780.9 billion (2019)[2]
Total equityIncrease €69.9 billion (2019)[2]
Number of employees
120,869 (2020)[2]
SubsidiariesAllianceBernstein Corporation, Alpha Units Holdings, Inc., AXA Equitable Holdings, Inc, AXA Corporate Solutions Life Reinsurance Company, AXA Equitable Financial Services, LLC, EQ AZ Life Re Company, AXA Advisors, LLC, ACMC, LLC, AXA Equitable Life Insurance Company, PlanConnect, LLC, AXA Equitable Funds Management Group LLC, Broad Vista Partners, LLC, Long Creek Club Partners, LLC, J.M.R. Realty Services, Inc, EVSA, Inc, MONY International Holdings, LLC, MONY Consultoria e Corretagem de Seguros Ltda, MBT, Ltd., MONY Financial Services, Inc., U.S. Financial Life Insurance Company, Financial Marketing Agency, Inc, 1740 Advisers, Inc, Alpha Units Holdings, Inc., AllianceBernstein L.P., AB Trust Company, LLC, Alliance Capital Management LLC, AllianceBernstein Real Estate Investments LLC, Sanford C. Bernstein & Co., LLC, Sanford C. Bernstein Limited, W.P. Stewart & Co., LLC, WPS Advisors, LLC., W.P. Stewart Securities LLC, W.P. Stewart Asset Management (NA),W.P. Stewart Fund Management S.A LLC. [3]

The Axa Group operates primarily in Western Europe, North America, the India Pacific region, and the Middle East, with a 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 stock market index.[4]


The company was founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle).[5] It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies.[6] In 1982, it merged with the Drouot Group, owned by the Hottinguer family, becoming Mutuelles Unies/Drouot.

The firm adopted the Axa name in 1985.[6] Axa took over The Equitable in 1991[6] and bought Union des Assurances De Paris (UAP), France's largest insurer, in 1996 to become Axa-UAP. It reverted to the name Axa in 1999.[7] In February 1999, Axa acquired Guardian Royal Exchange.[8] In May 2000, it acquired all shares it did not already own in Sun Life & Provincial Holdings.[9] On June 14, 2006, Axa acquired Winterthur Group from Credit Suisse for approximately €9 billion.[10] As of 2011, Axa was the second most powerful transnational corporation in terms of corporate control over global financial stability.[11][12]

In May 2016, the firm announced that it would stop investing in tobacco shares and bonds and allow its portfolio of tobacco-related bonds to run off.[13] On September 12, 2018, Axa acquired XL Group Ltd, a Bermuda-based property and casualty commercial lines insurer and reinsurer, for $15.3 billion.[14] In October 2019, the company sold Axa Bank Belgium to Crelan for €620 million (US$688.51 million).[15][16]

The Axa nameEdit

Despite being written by the company in upper case, "AXA" is not an acronym, but was chosen because its name can be pronounced easily by people who speak any language. After acquiring the Drouot Group in 1982, Chairman and CEO Claude Bébéar hired an outside consultant to conduct a computer-aided search for a new name. Bébéar wanted a short and snappy name to convey vitality and could be pronounced the same way in every language, consistent with the group's desire for an international presence. Initially, "Elan" was the top choice, but Canadian executives balked because "elan" is the French word for a moose or elk. In 1985, Bébéar chose the name Axa.[17]

Axa Group global locations
Italian Headquarters in Milan


United KingdomEdit

Axa trades in the United Kingdom as Axa UK using a number of subsidiaries such as Axa Insurance, Axa Investment Managers, Axa Wealth and Axa PPP Healthcare. Axa PPP Healthcare was created when Axa bought Guardian Royal Exchange (GRE), though it subsequently sold the other parts of GRE to Aegon. The company also owns the online insurer Swiftcover, distribution business Bluefin and fund manager Architas. In January 2007 Axa was reorganised into "strategic business units" (SBU's) aimed at competing within their specific markets.

In September 2013, Axa Wealth was fined £1.8 million by the FCA for failing to ensure it gave suitable investment advice to its customers. The regulator says it found "serious defects" in the way Axa advisers in Clydesdale Bank, Yorkshire Bank and the West Bromwich Building Society advised customers on investments.[18]

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

Axa Sun LifeEdit

Axa Sun Life was created following the merger between Axa Equity & Law and Sun Life Assurance Society. In 2006 Winterthur Life in the UK was absorbed although Axa continues to use the Winterthur brand for high-net-worth wealth management business.

The business units are:[19]

  • Axa Wealth – This includes Axa and Winterthur's bonds and individual pensions, Axa Distribution Services who offer the Elevate wrap platform and Architas.
  • Corporate Business – Axa and Winterthur's group pensions. Axa intends to create a market-leading group pension proposition using Winterthur's 'Embassy' IT platform.
  • Protection – This business aims to market Axa's Protection Account as Axa continues to build on its presence in this area with the intention of becoming a leading protection provider.
  • Traditional Business – Concentrating on policies which are still in force but no longer actively marketed.
  • SunLife[20] – This business focuses solely on selling protection & savings products directly to those in the UK.
  • Bancassurance – This business is responsible for an advisory and sales force that sell Axa's products and propositions.

Axa sold Axa Sun Life Holdings to Resolution Limited in autumn 2010,[21] whilst retaining Axa Wealth (including Architas and the Elevate wrap platform), SunLife and Bancassurance business units. Closure of the Bancassurance arm was announced in April 2013.[22]

Axa HealthEdit

AXA Health is a UK private medical insurance provider. AXA Health was originally known as the London Association of Hospital Services, which was set up in 1938 as a private healthcare scheme for people of middle income in London. The company has its headquarters in the town of Tunbridge Wells in Kent, England, and is the town's largest private-sector employer. AXA Health provides individual private medical insurance for individuals and business as well as employee assistance programmes. AXA Health also has a main office in Leicester, East Midlands, England.

In 2009, Axa PPP International was created, catering for the expatriate health cover market.

In 2018, it launched a virtual doctor service, called Global Care on Demand, for its customers with outpatient cover. Provided by Advance Medical it offers access to medical advice by phone or video by doctors located in eight main hubs around the world who speak more than 20 languages, and is targeted at expatriates.[23]

On the Isle of ManEdit

Axa Isle of Man Limited was originally created as a subsidiary of Axa Sun Life in the United Kingdom, but since the Isle of Man is not a part of the United Kingdom it is regulated instead by the laws of the Isle of Man. Axa Isle of Man advertises itself as a repository for citizens of the United Kingdom and the Channel Islands who seek to shelter their assets from taxation.

While the company trades upon the Axa logo, name and group advertising which promotes the total wealth of the group, the assets of the Isle of Man company are limited to those of the Isle of Man company itself.

Axa IrelandEdit

Axa SchengenEdit

Axa Schengen Travel Insurance provides insurance to travelers who need a visa to enter the Schengen Area.


Axa Canada offered insurance services through a network of affiliates operating in the different Canadian regions such as Quebec, Ontario, Western Canada and Atlantic Canada. In 2009, the company had a total of approximately 2,300 employees and 4000 brokers and advisors. The head office was in Montreal, Quebec. In 2011, Axa's Canadian operations were acquired by Intact Financial Corp. for C$2.6 billion.[24]

United StatesEdit

The American arm of Axa is Axa Financial, Inc., which is known mainly through its subsidiaries such as Axa Advisors, Axa Network, MONY (formerly Mutual of New York), US Financial Life, and AllianceBernstein.[25] The Equitable was acquired in 1991; MONY was acquired in 2004.[26][27]

On December 15, 2006, Axa Advisors entered into agreements with LPL (Linsco Private Ledger), the country's largest independent broker-dealer. LPL agreed to provide brokerage, clearing and custody services on a fully disclosed basis. The terms of the agreements are five years, subject to additional 24-month extensions. Services began in August 2007.

Axa's US operations are incorporated in Delaware.[28]

Persian Gulf and Middle EastEdit

Axa is present in Gulf Cooperation Council (GCC) countries as Axa Insurance (Gulf) B.S.C.

Present in the region for more than 60 years, Axa is the largest insurer in the GCC with branches across Bahrain, Oman, UAE and Turkey. In Saudi Arabia, Axa is known as Axa Cooperative Insurance. It offers insurance for individuals and businesses with Health, Motor, Home, Travel, Personal and Group Accident, Fire, Engineering, Life and various other products.[29]

Axa is present in Lebanon as Axa Middle East. In 2000, Axa Group acquired 51% of SLF's capital and the Nasnas & Hanemoglou's Group the remaining 49% to start the operations in the Middle East.

Axa has also started operations in Egypt in the year 2015.[30]


In July 2008, Axa acquired ING Insurance Mexico, offering essentially the same services that ING offered. Axa then sued an ING Group subsidiary over alleged misrepresentations in the $1.5 billion sale stating it suffered "tens (if not hundreds) of millions of dollars in damages."[31]

Asia PacificEdit

Axa Asia

The regional office of Axa Asia is based in Hong Kong, with operating businesses across life insurance in eight markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India, Thailand, and the Philippines) and general insurance in eight markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India, Korea, and Thailand)

They have joint ventures in the following countries:

  • The Philippines with Metrobank as Axa Philippines
  • Indonesia with the country's largest commercial bank, Bank Mandiri as Axa Mandiri in both life and general insurance
  • Malaysia as Axa Affin Life Insurance and in general sector as Axa Affin General insurance
  • China as ICBC-Axa Life
  • China as Axa Tian Ping
  • India as Bharti-Axa Life
  • India as Bharti-Axa General Insurance (BAGI)
  • Japan as Axa Direct Insurance
  • Thailand as Krungthai-Axa Life Insurance

Beside having two joint ventures in life and general with Bank Mandiri, Axa also has direct business without strategic joint venture in life (as Axa Financial Indonesia and Axa Life Indonesia) and general (as Asuransi Axa Indonesia).


In 1995 the Axa Group purchased a 51 per cent controlling interest in the Australian life insurer, National Mutual Life Association of Australia for NF4 billion, that was claimed at the time to contribute about 15 percent of the Axa Group's worldwide insurance-premium income.[32] In 2011, [AMP Limited] and Axa SA agreed to acquire Axa Asia pacific, merging Australian operations under the AMP brand.[33]


In April 2016 Axa unveiled a partnership with Lloyd's of London insurer Chaucer Holdings to enter the growing market of speciality insurance in Africa. Axa Africa Specialty Risks helps to mitigate risks through its coverholder, Chaucer Syndicate 1084 and Axa Africa Specialty Risks 6130. Axa ASR focuses on specialty and corporate lines, with coverage and an on-the-ground presence across Africa. Axa and Lloyd's both have excellent international financial strength ratings (AA- by Fitch and A+ by Standard & Poor's). The lines of business include: Political Risk, Political Violence and Terrorism, Energy, Construction, Property, Liability, Marine and Aviation. Since 2014 Axa has made several acquisitions of other insurers in an attempt to expand. Axa already operates in Cameroon, Egypt, Gabon, Ivory Coast, Morocco, Nigeria, Senegal and Algeria.[34]

Kamet VenturesEdit

In January 2016, Axa created Kamet Ventures, an insurtech incubator, to build disruptive businesses in insurance, healthcare and assistance space with an initial funding of €100 million. Some of Kamet's investments include insurance advice platform, Anorak Technologies and elderly care platform, Birdie [35][36][37]

Capital ownershipEdit

Capital ownership as of December 31, 2010[38]


Axa headquarters is located in the 8th arrondissement of Paris.[39] Axa, which already owned 23 Avenue Matignon, acquired the former Hotel de La Vaupalière, an 18th-century building, in the late 1990s. Architect Ricardo Bofill integrated the facade of the hotel with a modern glass building that covers the courtyard that the hotel also occupies. The complex serves as Axa's head office.[40]


Besides its artistic and social philanthropic initiatives (Axa Heart in Action),[41] Axa created the Axa Research Fund in 2008. Endowed with €100 million, it provides support for research focused on understanding and preventing the risks threatening the environment, human life and society.[42]

256 basic-research projects were funded within three years, including 230 young researchers, PhDs or in postdoctoral year, working in laboratories all around the world. Axa also gathers every year the young fellows to meet a world-class researcher, exchange best practices and network.

The Fund has also awarded eleven endowments for several million euros supporting research institutions of excellence (HEC Paris, National University of Singapore, University of Bristol, London School of Economics, Met Office, INSERM, IHES). These research and education chairs intend to attract the best scientists. For example, the Axa Polytechnique Chair in Cellular Cardiovascular Engineering,[43] held by Abdul Barakat, aims to promote research on cardiovascular diseases, but also to train and develop young researchers through extended educational programs.

After joining the Access to Medicine Foundation, Axa allocates a donation of 500,000 euros to the Foundation's activities relating to the prevention of infectious diseases and the response to pandemics such as COVID-19.[44]

See alsoEdit


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  3. ^ {{cite web |url=
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  6. ^ a b c "milestones". Axa. Archived from the original on May 3, 2012. Retrieved December 20, 2012.
  7. ^ Axa to buy UAP Archived May 23, 2009, at the Wayback Machine International Herald Tribune, November 13, 1996
  8. ^ Axa of France to buy Guardian of Britain New York Times, February 2, 1999
  9. ^ Sun Life Stock soars as Axa ups bid to £24bn for remaining stake Archived May 26, 2009, at the Wayback Machine Independent, May 3, 2000
  10. ^ Axa buys Swiss rival Winterthur Archived January 5, 2007, at the Wayback Machine BBC News, June 14, 2006
  11. ^ "Archived copy" (PDF). Archived from the original (PDF) on October 4, 2016. Retrieved August 11, 2016.CS1 maint: archived copy as title (link)
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  20. ^ "". March 23, 2012. Archived from the original on December 26, 2012. Retrieved December 20, 2012.
  21. ^ "Accessing Financial Services Authority website content" (PDF). May 20, 2019.
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  24. ^ Rocha, Euan (May 31, 2011). "Intact to acquire Axa's Canadian arm for C$2.6 billion". Reuters. Archived from the original on November 20, 2015."Archived copy". Archived from the original on June 10, 2014. Retrieved July 5, 2017.CS1 maint: archived copy as title (link)
  25. ^ "About Us: Axa Group". Archived from the original on August 8, 2013.
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  28. ^ "10-K". 10-K. Retrieved June 1, 2019.
  29. ^ "AXA Gulf - The largest non-life international insurer in the region". Archived from the original on December 11, 2015.
  30. ^ Gulf, AXA. "About AXA". Archived from the original on December 22, 2015.
  31. ^ Freifeld, Karen (November 29, 2010). "Axa Sues ING Over $1.5 Billion Mexican Company Sale". Bloomberg. Archived from the original on October 1, 2016. Retrieved September 27, 2016.
  32. ^ MacLeod, Helen (August 9, 1995). "Axa to buy 51 percent of Australia's National Mutual". Retrieved December 27, 2018.
  33. ^
  34. ^ "Axa SA". Plunkett Research. Plunkett Research. Archived from the original on October 1, 2016. Retrieved September 27, 2016.
  35. ^ "Birdie Raises €7M To Keep The Elderly Living At Home". Forbes. November 26, 2018. Retrieved December 12, 2018.
  36. ^ "Kamet, The beginning! - Kamet Ventures". Kamet Ventures. January 15, 2016. Retrieved January 25, 2018.
  37. ^ "Axa | Axa launches Kamet, a €100m InsurTech incubator". Archived from the original on January 26, 2018. Retrieved January 25, 2018.
  38. ^ "Archived copy". Archived from the original on August 15, 2011. Retrieved August 25, 2011.CS1 maint: archived copy as title (link)
  39. ^ "AXA - F.A.Q." Archived from the original on July 9, 2010. Retrieved July 7, 2010.
  40. ^ Axa allie patrimoine et modernité Archived September 28, 2011, at the Wayback Machine. Le Journal du Net [fr]. Retrieved on July 7, 2010.
  41. ^ "". Archived from the original on December 28, 2012. Retrieved December 20, 2012.
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  43. ^ "". Archived from the original on August 26, 2011. Retrieved December 20, 2012.
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External linksEdit