AXA Group is a transnational insurance company that operates in Western Europe, Asia Pacific region, North America and Africa. The company consists of a group of independent companies based in different countries. These institutions are governed by the rules and regulations of their host nations. The company’s brand value has continued to increase each year for the past eight consecutive years. In 2016, the company reported a 14 percent growth in value, securing a place among the three leading global financial services companies. AXA Group trades its stocks on Euro Stoxx 50 Stock market index. Founded in 1816 as The Ancienne Mutuelle, the company engaged in a series of acquisitions. In 1985, the management rebranded the corporation to AXA.
AXA Group acquired The Equitable, an American Insurance Company in 1991. In 1996, AXA purchased the largest insurer in France, Union des Assurances De Paris (UAP) to become AXA-UAP before going rebranding to AXA brand in 1999. AXA also acquired Sun Life & Provincial Holdings in 2000, and Winterthur Group in 2006. Since then, they have focused on offering clients with innovative financial services, including investment management and global insurance services. AXA Group has two philanthropic arms through which they support environmental conservation initiatives, causes aimed at protecting mankind and charitable organizations.
About Vincent Parascandola
Vincent Parascandola, the executive vice president of AXA Group, has played a major role in enhancing the company’s success through his unique leadership skills. He employs a blend of professionalism and his vast experience in the industry to set and achieve different organizational goals. Vincent oversees the company’s talent acquisition processes for financial experts. He is also in charge of recruitment, retention, sales and productivity. He is a graduate of Pace University, New York where he earned his BS. His started his career by serving as an agent at Prudential. During his first year with the company, he won the prestigious Rookie of the Year Award.
Vincent worked for MONY Life Insurance Company before joining AXA Group. Initially, he served as the president of AXA’s subsidiary, The Advantage Group. His remarkable achievements gave him an opportunity to work as a co-manager for AXA’s Metro branch in New York. Parascandola’s success has earned him multiple management accolades, including the Master Agency Award and Career Development award by GAMA. He has shared industry insights on different platforms, including the distribution conferences of LIMRA.