History

In 1980, AXA did not exist. Over the next 20 years, the Group would grow to become a major international player.

Highlights of 2008

AXA pursues successfully its external growth strategy: consolidation of AXA existing activities, with the acquisition of Oyak's 50% stake in AXA Oyak, 2nd Turkish insurer, for 525 million dollars, and penetration of high growth potential markets, with the acquisition of 100% of the 3rd Mexican insurer, ING Seguros (for an amount of 1.5 billion dollars).

Highlights of 2007

  • During 2007, AXA pursues the integration of the various Winterthur affiliates (incl. Spain, Japan and Switzerland), and disposes of its non-strategic operations inherited from the merger (US and Taiwan).
  • The Group continues to speed up synergies between companies with the creation of AXA Bank Europe, to enhance the coordination of AXA's European retail banking operations, and of the "Japan Asia-Pacific" Region, bringing together all the Asian and Australasian countries in which the Group is present.
  • AXA maintains its development on existing markets - creation of a direct insurance business in Poland, acquisition of numerous brokers and of Swiftcover.com (direct insurance) in the UK, exclusive and long-term agreement in life insurance, P&C and retirement funds with the Banque Monte dei Paschi di Siena, in Italy, and the acquisition of the Hungarian retail bank Ella - while penetrating new high-value potential markets: acquisition of Kyobo Auto in Korea, partnership with BNP-Paribas in the Ukraine, followed by the acquisition of Vesko, rated sixth P&C insurer in the country, with the same partner, also in the Ukraine, establishment of a strategic partnership with Bao Minh, the 2nd P&C insurer in Vietnam, and with the 2nd Russian insurer, Reso Garantia.
  • AXA also sheds its operations in the Netherlands.
  • In line with AXA's Ambition 2012 goals, all Group employees become company shareholders with 50 free shares being attributed to each staff member.