Posts in Category: Insurance

A Look At The Impressive History Of AXA

AXA is one of the most successful insurance brands in the world. The company, which is based in Paris, has established itself as a global leader in insurance services, investment management, and financial services. The conglomerate has managed to provide clients with services that satisfy their utility. The company has a large presence in North America, Asia Pacific regions, Middle East, and Western Europe.

The corporation’s long history started in 1816. When it was founded two centuries ago, the company was named as Mutuelle de L’assurance Contre L’incendie. It provided insurance to individuals and businesses in France. The good business environment and the company’s strategies helped it to grow and generate the funds needed to acquire other firms. In 1978, the company acquired Companie Parisienne de Garantie. This acquisition led to the company to adopt a new name, Mutuelles Unies. In 1982, it purchased Drouot Group. Soon after the company started looking for a new name that would help it establish its presence in the competitive international market. The company adopted the name AXA in 1985. In the 1990s, the entity continued to purchase other businesses. AXA bought UAP in 1996, five years after acquiring The Equitable. It has since purchased Guardian Royal Exchange, Winterthur Group, and Sun Life & Provincial Holdings.

AXA operates in the United Kingdom through numerous subsidiaries. These firms include AXA Insurance, AXA Investment Managers, AXA Sun Life, AXA Wealth, and AXA PPP Healthcare. The branch is also in charge of Swiftcover, an online insurance company. In Mexico, AXA runs its operations through ING Insurance Mexico, a company the group bought in 2008. In Asia Pacific, the company has a market presence in India, Japan, Thailand, China, Malaysia, Indonesia, and the Philippines. In Africa, the company offers its services in partnership with Lloyd’s, a company owned by Chaucer Holdings.

The investment management group engages in philanthropic initiatives through AXA Heart in Action. It has spent over $100 million in funding studies aimed at providing solutions to threats facing human life, society, and environment.

About Vincent Parascandola

Vincent Parascandola is an expert in management development, recruitment, retention, productivity, and sales. These skills have seen him work for various firms, including MONY Life Insurance Company and The Advantage Group. He is the senior executive Vice President of AXA. Here, he has provided transformative leadership that has not only enhanced the growth of the firm, but also attracted and retained a diverse workforce.

In addition, the executive leader’s management style and stewardship capabilities have seen him earn several awards, including GAMA’s Career Development and Master Agency Awards. Parascandola is an alumnus of the esteemed Pace University in New York. Here, he graduated with a Bachelor of Science degree.