A Close Look at International Insurance Company, AXA Advisors

AXA is a multinational, French insurance company started in 1859. The firm which located on 8th arrondissement Paris deals with global insurance services, investments management among other financial services.

 

AXA Establishment

 

The company started in 1816 as Mutuelle de L’assurance and has changed names severally until 1985 when it adopted the name AXA. The name isn’t an acronym but was chosen since its simple and pronounced the same by people of different languages. The insurance firm has also acquired several other companies down the line. In 1978, it absorbed Compagnie Parisienne de Garantie and 1982 it acquired Drouot Group.

 

In 1991, it took over America’s insurance company The Equitable, and in 1996 it bought France’s largest insurance company Union de Assurances de Paris. This merger made it change to AXA-UPA before reverting to AXA. Other insurance companies acquired by AXA include Guardian Royal Exchange in 1999, Sun Life and Provincial Holdings in 2000 and Winterthur Group; the largest Swiss insurance company, in June 2006.

 

AXA Operation Locations

 

Being an international firm, AXA has several locations where it operates. In the UK, it trades under the name AXA UK. Here, it operates under different subsidiaries depending on the type of services offered. Other locations include AXA Schengen which deals with providing insurance to travelers who wish to visit Schengen Area.

 

AXA also has locations in USA, Canada, Gulf and the Middle East, Mexico and Asian Pacific. In several other countries, the firm has joint operations. These include India, China, Japan, and Thailand with Indonesia having both joint operations and direct business.

 

Vinny Parascandola

 

Vinny is the senior executive vice president of AXA Advisors. He has over 25 years of experience in the industry and started as an agent at Prudential in 1987. Mr. Parascandola is B.S holder from Pace University, New York.

 

He worked with MONY Life Insurance Company where he was involved with several field activities before joining AXA in 2004. At AXA Advisors, Vinny is in charge of sales, management development, productivity, recruitment, retention, and development of new and experienced advisors. Throughout his career, Vinny has won several awards including Master Agency Awards and GAMA’s Career Development.

 

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