Inside French International Insurance Company AXA

AXA, headquartered in Paris, France, is an international insurance company with offices and advisors around the globe. AXA was founded over 250 years ago, as Mutuelle de L’assurance contre L’incendie in 1816. It changed its name a few times over the years as it acquired other insurance companies until it adopted the name AXA in 1985. The name AXA was chosen because it is easy to recognize and can be pronounced in any language.

AXA is the largest insurance brand in the world and continues to grow as its value increased by 14% in 2016. Along with Barclays and State Street Corporation, AXA is one of the three most powerful global corporations that ensure financial stability and market competition on a worldwide basis. The company operates as a conglomerate with each independently run company operating according to the rules and laws of the country it is in. Some of the countries it is located in are the UK, United States, Mexico, Saudi Arabia, Egypt, Morocco, Japan, and Thailand.

In 2008 the company established its philanthropic arm, called the AXA Research Fund. AXA started this fund with €100 million and its goal is to research and prevent risks to people, society, and the environment. In just the first 3 years after being established it had already funded 256 research projects being carried out by 230 researchers around the world.

One of the executives running AXA Financial, Inc., the USA company, is Vincent Parascandola. Parascandola is a Senior Executive Vice President and is based in New York City. His role at the company is to oversee over 225 financial advisors including hiring, training, productivity, and development. He has been with AXA Financial since 2005 when he first joined the company as an Executive Vice President. Before joining AXA Financial Vincent Parascandola had worked at the MONY Group for 25 years.

Parascandola earned his bachelor’s degree at Pace University. He returned to Pace in 2014 when he gave the commencement speech to the graduating class. He has become a sought out speaker and regularly addresses conferences and conventions around the country.

 

 

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