AXA INSURANCE THE PACESETTER
As AXA Advisor insurance company celebrates its seven years of being the top insurance brand worldwide a rank determined by inter-brand annual report one can only wonder where this great firm began. AXA has a rich history that reflects where a dependable history can take you. In the year 1859, a young Henry Hyde starts his own firm Equitable life insurance Society after leaving his previous employers Mutual Life Insurance Company of New York. Equitable can run ten years of success, and in the year 1870, it moves its headquarters to the tallest office building in the world in that year. Equitable becomes the first company to pay death immediately by using survivor annuity. The company also began an agency training program in 1902 and by 1927 with the help of American College launches CLU professionals a designated program. In the 70’s Equitable makes a big step by introducing, its first line of individual variables annuity products. It is in the year 1992 that Equitable Insurance receives $ 1 billion from AXA Group and converts from a mutual to a stock company becoming a member of the Global AXA Group.
Vincent Parascandola, is a Senior Executive Vice President of AXA Advisor, LLC with the responsibility of ensuring the development of financial professionals, recruitment, management development and retention of professionals. His 25 years of experience began in Predential back in 1987 as a mere agent, later in 1990 he joined MONY Life Insurance and held different management positions both locally and regionally, and in 2004 he joined AXA. He runs the advisory unit and contributing significantly to the raise of AXA Group.
AXA Group operates in North America, Middle East, Africa, Western Europe, and Pacific region of Asia. AXA uses a number of subsidiaries to trade in the UK and owns online Swiftcover insurer. The company being a Conglomerate of businesses operated independently, it ensures that rules and regulations of many different countries are followed. In 2011 according to Veteli et al,. the company is transnational in regards to ownership. Indeed which such a rank AXA has control over the financial stability of the world. Bravo AXA not only for global financial growth but for corporate responsibility with Foundations such as AXA Foundation offering scholarships.