AXA is a French insurance company that operates in many countries across the world. It has its headquarters in the 8th arrondissement of Paris. The firm is engaged in investment management, global insurance, and other related financial services.
The company has managed to retain the position of the first insurance company globally for eight years in a row. The brand value grew 14.5% in 2016 alone. The AXA Group mainly operates in Western Europe, the Asia-Pacific region, North America, and the Middle East. It also has a minor presence in Africa.
All the business in individual countries are run independently and they operate according to the laws that regulate insurance in those countries. AXA is also part of the Euro Stoxx 50 stock market index. The company was rated as the second most powerful transnational corporation over the financial stability of the world. Barclays was rated as the most powerful
The History of AXA
The company can trace its roots to 1816. It was initially known as the Ancienne Mutuelle. After an acquisition in 1978, the company changed its name to Mutuelles Unies. Another acquisition in 1982 caused it to rebrand as Mutuelle Unies/Drouot. The AXA name was adopted in 1985. It has continued to grow mainly through acquisitions in different parts of the world from North American to Switzerland. The company made a decision in 2016 to stop investing in tobacco shares.
About Vinny Parascandola
Vincent Parascandola is the Senior Executive VP of AXA Advisors LLC. He is in charge of sales, recruitment, retention, productivity, and the development of experienced and new financial professionals. Mr. Parascandola has a wealth of experience that is 25 years long. He began his career at Prudential in 1987. In 1990, he joined Money Life insurance company where he held various positions. He finally joined AXA Advisors in 20014.
Vinny has earned numerous accolades in recognition of his leadership abilities. For instance, he has been the recipient of the GAMA Career Development and Master Agency Awards. Vinny is a much sort after speaker in numerous conferences related to the insurance sector.