Axa

Axa group
legal form	Société Anonyme
ISIN	FR0000120628
founding	1817
Seat	Paris , France
management	Thomas Buberl (PDG / CEO); Denis Duverne (Chairman of the Supervisory Board);
Number of employees	125,934
sales	102.9 billion . Euro (2018)
Branch	Insurance & wealth management
Website	www.axa.com (international) www.axa.de (national)
	As of December 31, 2018

The Axa Group (spelling: AXA ) is an originally French insurance company that is now active in 64 countries and headquartered in Paris . The stock corporation insures private individuals and companies. In Germany it operates as the Axa Group AG , in Switzerland as Axa Insurance AG .

Group profile

The Axa Group is one of the largest international insurance groups and asset managers in the world. With a focus on Western Europe, North America and the Asia-Pacific region, Axa manages assets of 1.36 trillion euros (as of end of 2015). In 2015 (2014) the company achieved sales of 98.5 (92) billion euros. The result from operating activities in 2015 was around EUR 5.6 billion.

With revenues of 10.6 billion euros (2015) and 9,418 employees in Germany, the Axa Group is one of the leading primary insurers and financial service providers in Germany. The company defines its business activities as “provision, asset management, insurance”. These primarily include property and casualty insurance , private forms of provision such as life and health insurance , company pension solutions as well as investments and financing. The range of products is aimed at private customers as well as corporate and commercial customers.

Axa's common stock is listed on the Paris Stock Exchange and trades under the symbol AXA. Axa is also listed on the New York Stock Exchange as an ADS under the ticker symbol AXA.

The company had a market capitalization of USD 60.8 billion in early 2017, making it one of the most valuable insurance companies in the world.

history

The Axa has its origins in the company founded in France in 1816/1817 under the name Mutuelle de L'assurance contre L'incendie . In 1978 the Compagnie Parisienne de Garantie and in 1982 the Drouot Group in France was acquired.

Part of the Axa Group, which was renamed Axa in 1985 , is Axa Germany, whose CEO has been Alexander Vollert since September 16, 2016. He was previously Chairman of the Board of Management of Allianz Versicherungs-AG and a member of the Board of Management of Allianz Deutschland AG. His predecessor Thomas Buberl took over as CEO of the international Axa Group on September 2, 2016. From January 1, 2007, Frank Keuper held this position, who had already been working in this position at DBV-Winterthur since 2004. Until August 2005, Claus-Michael Dill was CEO of Axa Germany. He succeeded Eugène Teysen, who previously sat on the board of the Belgian financial services provider Fortis .

As a consequence of the terrorist attacks on 11 September 2001 Axa announced its 850 million-euro loss insurance for the 2002 World Cup of FIFA .

In 2005, Axa announced that it would be relocating individual internal administration workflows - for example within payroll accounting - to India and Latvia as part of pilot projects . Work processes that affect claims processing were not affected by this offshoring .

On June 14, 2006 it was announced that Axa would take over Winterthur, Switzerland, from Credit Suisse for 7.9 billion euros. As a result, Europe's second-largest insurance group rose to first place and, in terms of revenue and sales, clearly overtook the German Allianz , which reduced sales with the sale of Dresdner Bank to Commerzbank at the beginning of 2009. The third largest insurance group in Europe is the Italian Generali .

In June 2007, Axa sold its Netherlands business to local competitor SNS Reaal for 1.75 billion euros. As part of the transaction, the Utrecht company will also take over the Dutch activities of the Axa subsidiary DBV-Winterthur.

Subsidiaries

The Axa Group worldwide

Axa Germany

DBV-Axa in Wiesbaden

In 1994, the Axa Group founded the direct insurer Axa Direkt in Dreieich as a wholly owned subsidiary of Axa Direct Holding, Paris. This was the first time that the Axa brand was present in the largest European insurance market. In 1997/1998 Axa Direkt and Tellit Direct merged to form Axa Tellit Direkt, and in 1998 the direct insurance company was given an independent profile in the Axa Group under the name “Safe Direct”. The name was intended to make the concept clear and was also used in France and Spain by the direct insurers there (Direct Assurance and Direct Seguros).

The Axa Group only became popular in Germany with the takeover of Colonia . The Colonia insurance group was founded in Cologne in 1839 and taken over by Axa in 1997. In the early years, the company operated under the name Axa-Colonia . Today's German Axa employs 9,418 people who look after around 16 million contracts from 8 million customers. Internationally on all five continents in 64 countries, Axa employs around 166,000 people and agents who look after around 103 million customers.

A 100% subsidiary of Axa Germany is Deutsche Ärzteversicherung (DÄV), whose distribution operates under the name of Deutsche Ärzte Finanz . The market share of the German medical insurance in the health professions is estimated at 12%. In connection with the takeover of DBV-Winterthur with a market share of approx. 40% (in particular medical liability) in the medical segment, Axa will assume a leading position here in the future.

The takeover of Winterthur-Versicherung and thus the German subsidiary DBV-Winterthur opened up new business areas for Axa in the “public sector”, one of the core competencies of DBV. Axa usually pursues a one-brand strategy (everything under one brand name). The DBV brand will continue to be used for the “public sector”.

The subsidiary Axa-Millésims was founded in 1983. The driving force behind the investments in the wine sector was the then General Director of Axa, Claude Bébéar . Christian Seely is responsible for the wineries of the Axa Group, such as Château Pichon-Longueville-Baron , Château Suduiraut , Domaine de l'Arlot, Château Petit-Village Pomerol, Quinta do Noval and others. a.

Axa in Switzerland

Axa Tower in Winterthur

The Axa Insurance AG (formerly Axa Winterthur ) fell in late 2006 from the Swiss headquarters of the acquired by Axa Winterthur Group produces. With a market share of around 40 percent, Axa Insurance is number 1 in the Swiss insurance market. The product range includes personal, property, liability, vehicle, credit and travel insurance as well as pension solutions for individuals and companies.

The company employs around 4,000 people. In the sales network with around 300 independent general agencies and agencies, around 2,600 external employees work for Axa Insurance. With around 1.89 million policyholders, Axa Insurance achieved a premium volume of 11.1 billion Swiss francs in 2015.

Axa in the UK

Axa provides various services in the UK as Axa UK plc, Axa Insurance, Axa Ireland, Axa PPP Healthcare, Axa PPP International and Axa Welt.

Axa Isle of Man

The Axa Isle of Man Limited was originally formed as a subsidiary of Axa Sun Life in the United Kingdom established, however, as the Isle of Man is not part of the United Kingdom, it is subject to the laws of the Isle of Man.

Axa Canada

Axa Canada provides insurance services through a network of subsidiaries in various Canadian regions such as Québec, Ontario, Western Canada and Atlantic Canada. In 2009 the company had a total of around 2,300 employees and 4,000 brokers and consultants. The headquarters are in Montreal , Quebec .