THE AXA GROUP

Axa is a French multinational firm that offers insurance. The company was established in 1816 under the name Mutuelle de L’assurance center L’incendie (the Ancienne Mutuelle).in 1982, it bought the Drouot group and became Mutuelles Unies/Drouot. Three years later it settled for the name AXA. In 1991 it crossed borders and acquired The Equitable an American Insurance Company. It later in 1996 bought Union des Assurances De Paris (UAP), the largest insurance firm in France and became AXA UAP, and after a few years went back to the name AXA. In May of 2000, AXA bought all the shares it didn’t own in Sun Life & Provincial Holdings.

AXA is the brand name of Equitable Financial Services, LLC and all the companies associated with it. The name AXA was chosen for it could be pronounced easily by people who spoke any language. The American AXA group is a subsidiary of the French AXA group, a world leader in finance handling and the management of wealth for individuals and businesses. The American branch is headquartered in New York City and is has over 40 offices across America. The insurance firm is one of the largest in insurance covering and retirement savings in the US. The company has almost 2.47 million customers in the United States alone. The firm has close to 47192 AXA Advisors who offer financial assist to individual families and owners of businesses. These advisors talk to clients about strategies that will help them achieve financial freedom.

AXA group has been giving back to the society. In 2008 the AXA Research Fund was started. It gives money towards the research and prevention of environmental degradation risks, human life and the society as a whole. The findings of these studies that have been done by people from close to 42 different nationalities have been implemented in over 20 countries.

Mr. Vincent Parascandola serves as the Senior Executive Vice President of AXA Advisors. His responsibilities include; that of recruiting and training of new advisors check the overall growth of the firm and improve the production of existing workers. Mr. Parascsndola joined AXA Advisors in 2004 from MONY life insurance where he had been working as an agent since 1987.he initially served as president of The Advantage Group which is a unit of AXA Equitable. He also worked as a co-manager of the New York’s Metro branch.

 

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