The name AXA was first introduced in 1985. It isn’t an acronym, but was chosen to be short, memorable and have a consistent meaning in any language, anywhere in the world.
AXA Group has a strong‚ long-standing history. The Group can trace its roots right back to the 18th Century. After a succession of mergers‚ acquisitions and name changes involving some of the leading insurance companies in the UK and around the world‚ the name AXA was first introduced in 1985.
1700 - 1900
The period spanning the 18th and 19th Centuries saw the creation of many of the companies which later combined to form parts of the global AXA Group.
1901 - 1980
The first 80 years of the 20th Century saw the establishment of additional companies‚ and the first in a series of mergers which would create AXA.
1981 to-date
Recent years have seen the emergence of AXA‚ and the merging with other companies to create the world leading organisation that is AXA.
1700 - 1900
1720
Royal Exchange Assurance, the world's first marine insurer is granted legal status. Life and fire insurance were quickly added to its portfolio, whilst later, as a result of the industrial revolution, new types of insurance such as accident and casualty were added.
1810
Sun Life was founded in Great Britain.
1816
The Mutuelle de L'Assurance contre L'Incendie (MACL) began operating in Paris. The following year the Ancienne Mutuelle was founded.
1821
Guardian Assurance was established in London, providing fire and life insurance.
1828 - 1889
In this period the three companies which later form the UAP Group were established.
1844
Equity & Law was formed.
1901 - 1980
1903
Provincial Insurance Company was established.
1945
MACL took on the Ancienne Mutuelle brand.
1968
The Guardian Royal Exchange Group (GRE) was formed through a merger of Guardian Assurance and Royal Exchange Assurance. In the same year the Union des Assurances de Paris (UAP) was created.
1975
Claude Bébéar became chairman of the Ancienne Mutuelle.
1978
Ancienne Mutuelle changed its name to Mutuelles Unies.
1981 to-date
1985
The name AXA was created and Mutuelles Unies was re-branded.
1986
AXA Université was launched. Its objective was to provide managers with a clear vision of the Group's strategy, helping them to lead and develop their staff.
1987
Compagnie du Midi acquires Equity & Law.
1988
AXA merges with the Compagnie du Midi and was traded on the Paris Stock Exchange.
UAP became a major shareholder in Sun Life, in the UK.
GRE acquired the leading Irish general insurer, PMPA Insurance.
1990
AXA Insurance formed in Cardiff.
1991
AXA took over The Equitable, the North American life assurance company.
1996
AXA was listed on the New York Stock Exchange and Sun Life and Provincial Holdings (SLPH) was listed on the London Stock Exchange.
On 12 November the AXA - UAP merger was announced. SLPH was now part of the global AXA Group and was its major subsidiary in the UK.
GRE acquired RAC Insurance Services.
1998
GRE acquired the PPP healthcare group
AXA sponsored the FA Cup in the UK.
1999
In February, SLPH announced a public offer for GRE. The acquisition was completed in May.
2000
On 12 July AXA completed the acquisition of the minority shareholding in Sun Life and Provincial Holdings - which was consequently delisted from the London Stock Exchange.
On 29 September, the name of the holding company changed to AXA UK plc.
2006
After a period of nearly 50 years where Sun Life was represented at offices in Cheapside, London, AXA moved its registered head office for the UK to 5 Old Broad Street, London.
AXA acquired Winterthur Wealth Management.
In November AXA acquired independent financial advisor group Thinc Destini.
2007
In February AXA acquired Swiftcover to strengthen its position in the provision of personal lines insurance direct to consumers.
In September AXA bought ICAS International Holdings Limited, a leading global provider of employee support and wellbeing services.
AXA acquired The Davis Group, Smart & Cook, Stuart Alexander and Layton Blackham, strengthening its broker operation in the UK.
2008
In March AXA acquired SBJ Group Limited to enhance its distribution capability.
In October AXA created its new wealth business, AXA Winterthur Wealth Management.
In July AXA also created Architas, a specialist investment company dedicated to providing multi-manager propositions.
2009
Bluefin, AXA’s independent distribution business, was launched in January following a number of acquisitions in the previous years.
In November AXA brought all its wealth businesses (AXA Winterthur Wealth Management, AXA Distribution Services - Elevate, AXA Isle of Man, AXA Life Europe and Architas) together to form a single business unit, AXA Wealth.
2010
In response to changes in the UK life industry and after a review of its operations, AXA strengthened its focus on wealth management, insurance and healthcare.
AXA sold its traditional life and pensions, protection and group pensions business in a deal worth £2.75billion. Related Posts
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