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AXA (AXA)
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Axa plans to axe final salary pension scheme
guardian.co.uk  Apr 29  Comment 
Axa will move almost 2,500 staff on to a defined contribution scheme, with future payments dependent on the performance of the underlying fund Financial services group Axa has announced plans to close its final salary pension to existing members,...
1:47
Bloomberg  Apr 25  Comment 
Blackstone to Axa Spot Buying Opportunity as Office Leases Lapse For most office building owners, a lease running down to less than five years sets off alarm bells. For...
AXA to buy 50 percent of Chinese insurer Tian Ping
Reuters  Apr 24  Comment 
Europe's No. 2 insurer, AXA , has agreed to pay 485 million euros ($631 million) to buy 50 percent of Chinese insurer Tian Ping, betting the country's fast-growing ranks of...
AXA UK to close retail banking advice service and cut 450 jobs
Banking Business Review  Apr 17  Comment 
AXA UK is set to wind down its retail banking advice services at UK banking partners, including the Co-operative Banking Group and Clydesdale and Yorkshire Banks.
PRESS DIGEST - Financial Times - April 16
Reuters  Apr 15  Comment 
Axa UK to stop offering financial advice () Soriot package opposed by pension funds ()
Axa cuts 450 jobs as it ends face-to-face financial advice
guardian.co.uk  Apr 15  Comment 
Insurer blames regulations banning commission payments for move affecting staff based in UK bank branches Insurer Axa is cutting 450 jobs in branches of the Co-operative, Yorkshire and Clydesdale banks under plans to cease face-to-face financial...
HSBC to sell part of insurance business to AXA
The Straits Times  Apr 3  Comment 
April 04, 2013 1:45 AM BANKING giant HSBC is selling a part of its insurance business here to AXA Singapore, it said yesterday.




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Paris, France-based AXA Group (AXA) is the world's second largest insurance company. The company classifies its operations into five segments: Life and Savings, Property and Casualty, International Insurance, Asset Management, and Other Financial Services. Life and Savings, which accounts for nearly 49% of its in 2006 operating profit, provides a vast range of life insurance, annuity (mainly variable), critical illness, and permanent health protection products. AXA Group writes a substantial portion of this segment s business in the U.S. and France. The P&C segment (31% of 2006 operating profit) offers almost all types of P&C products, including automobile, homeowners, property, and general liability to individuals and commercial customers, mainly in France. The company derived 16% of its operating profit from the Asset Management and the rest (4%) from international insurance and other financial services. AXA Group ordinary shares are listed on the Paris Stock Exchange. Competitors include Group Generali (in France operates Generali France SA) and German leading insurer Allianz.




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