AXA is a world famous French insurance company. It is one of the largest in the world and is essential to sustaining the global economy.
The company was founded almost 200 years ago - back in 1816 and was originally called Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). In subsequent years, its name changed several times. So, as a result of the takeover of Parisienne de Garantie in 1978, it was renamed Mutuelles Unies, and after the acquisition of the Drouot Group in 1982 - Mutuelles Unies / Drouot. The company received its current name in 1985 and today it remains unchanged.
The history of AXA is one of successful mergers and acquisitions. One of the most successful transactions was the acquisition of the largest Swiss insurance company Winterthur Group in June 2006. The deal was valued at €9 billion.
When the Financial Stability Board (FSB) provided a list of insurance companies whose work is key to the functioning of the global financial system, Axa, along with the German Allianz also included in this list. Its activities were recognized as systemically important for the global economy, and not every insurance company can boast of such.
