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Category: International Business

Category: International Business

AXA is a French multinational insurance company. The company engages in global insurance services, investment management and provision of various financial services. The group offers its services to various corners of the world including the Middle East, Asia Pacific region, Western Europe and some parts of Africa. Therefore, the firm is operated under different rules and regulations of multiple countries hence making the company a conglomerate of independently run businesses.

The name AXA is not an acronym. Claude Bebear, the chairman and the CEO of the company at the time wanted a name that would be pronounced the same in multiple languages. The company adopted the AXA name in 1985. Originally when the firm was founded in 1819, it acquired the name Ancienne Mutuelle.

In the United States, the company excels through subsidiaries such as AXA Financial, AXA Equitable life insurance, US Financial among others. In Gulf, the company runs its business under AXA Cooperative Insurance and AXA insurance Gulf which is the largest insurance across Gulf. As noted above, the company has various subsidiaries in different parts of the world including Mexico, Africa, and Asia Pacific.

AXA also plays a significant role in corporate social responsibility by giving back to the communities and also by running non-profit projects. The organization plays a significant role by offering continuous protection of the society in a rapidly developing and changing world. In 2008, AXA Research Fund was established. The project provides support for research conducted on ways to prevent the risks threatening the society, human as well as the environment. Within three years, the project had supported over 256 primary research projects. The 256 projects funded are currently implanted in over 22 countries across the world.

Vinny Parascandola is the senior executive Vice President of AXA Advisors, LLC. Vinny, who has more than 25 years of experience in the industry is responsible for strategic development, recruiting, sales and also the productivity of new and experienced professionals.

Vinny holds Bachelors of Science degree earned from Pace University. He began his career in 1987 and in 2004, he joined AXA Advisors. He has excellent leadership skills and has received numerous management awards.