AXA : OPERATION


In the United Kingdom
       AXA trades in the UK as AXA UK employing a range of subsidiaries like AXA Sun Life, AXA Insurance, AXA Investment Managers, AXA Wealth and AXA PPP aid. AXA PPP aid was created once AXA bought Guardian Royal Exchange (GRE), though it later on sold-out the alternative components of GRE to Aegon. The company also owns the web non-depository financial institution Swift cover, distribution business Blue fin and fund manager Architas. In January 2007 AXA was reorganized into "strategic business units" (SBU's) aimed at competitive  at intervals their specific markets.

In September 2013, AXA Wealth was fined £1.8 million by the FCA for failing to ensure it gave appropriate investment recommendation to its customers. The regulator says it found “serious defects” in the way AXA advisers in dray horse Bank, Yorkshire Bank and the West Bromwich savings and loan suggested customers on investments.

AXA run its investment branch through AXA Investment Managers (IM).

In Canada
         AXA Canada offers insurance services through a network of affiliates operative in the totally different Canadian regions like Quebec, Ontario, Western Canada and Atlantic Canada. In 2009, the company had a complete of roughly 2,300 staff and 4000 brokers and advisers. The head office is in urban center, Quebec. In 2011, AXA's Canadian operations were acquired by Intact money firm. for C$2.6 billion.

In the United States
        The American arm of AXA is AXA money, inc., which is best-known in the main through its subsidiaries like AXA Advisors, LLC, AXA Equitable Life Insurance, AXA Network, MONY (former Mutual of New York), US money Life, and Alliance Bernstein. The Equitable was non inheritable  in 1991; MONY was non inheritable  in 2004.

On December fifteen, 2006, AXA Advisory, LLC entered into agreements with LPL (Linsco Private Ledger), the country's largest independent principal. LPL agreed to offer brokerage, clearing and custody services on a fully disclosed basis. The terms of the agreements are 5 years, subject to additional 24-month extensions. Services began in August 2007.

In Gulf and Middle East
         
AXA is present in GCC countries as AXA Insurance (Gulf) B.S.C. Present in the region for over sixty years, AXA is the largest insurer within the GCC with branches across Bahrain, Oman, UAE and Qatar. In Saudi Arabia AXA is thought 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 alternative product.

AXA is present in Asian nation as AXA Middle East. In 2000, AXA group non inheritable  fifty one of SLF’ capital and the Nasnas & amp; Hanemoglou’s cluster the remaining forty ninth to start out the operations in geographical region.

AXA has also started operations in Egypt in the year 2015, targeting to offer Life, Health and Property & Casualty insurance covers to individuals, SMEs and corporate shoppers and leverage the strength of its international presence.

In Mexico
        In July 2008, AXA acquired ING Insurance Mexico, offering primarily the same services that ING offered.

In Asia Pacific
       AXA Asia - Based in Hong Kong, AXA Asia is the Regional Office of AXA in Asia, with operating businesses across Life Insurance in eight markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India, Thailand, and the Philippines) and General Insurance in 7 markets (Hong Kong, Singapore, Indonesia, China, Malaysia, India and Thailand)

They have joint ventures within the Life business in:

Malaysia as AXA Affin Life Insurance
China as ICBA-AXA Life
China as AXA Tian Ping
India as Bharti-AXA Life
India as Bharti-AXA General Insurance
Japan as AXA Direct Insurance
Thailand as Krungthai AXA Life
They have joint ventures normally Insurance in Malaysia as AXA Affin GI

In Africa
       In April 2016 AXA unveiled  a joint venture with Loyd's of London insurance firm Geoffrey Chaucer Holdings to enter the growing market of specialty insurance in Africa. Since 2014 AXA has made many acquisitions of alternative insurers in AN try to expand. Currently they already operate in Cameroon, Egypt, Gabon, Ivory Coast, Morocco, Nigeria, Senegal and Algeria.

Oshin

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