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Who owns AXA financial?
In 1991, French insurance firm AXA acquired majority control of The Equitable. In 2004, the company officially changed its name to AXA Equitable Life Insurance Company. By 2018, the company had over 15,800 agents licensed by the State of California….Equitable Holdings.
| Type | Public |
|---|---|
| Website | equitableholdings.com |
What happened to the Equitable Life Assurance Society of the United States?
In 1991 a French insurance company known as AXA acquired control of the Equitable Life Assurance Society of the United States; however, the name for now would remain the same. It wasn’t until later in 2004 that the name changed from the Equitable Life Insurance Company to AXA Equitable Life Insurance Company.
What was AXA before?
The company was founded in 1816 as Mutuelle de L’assurance contre L’incendie (the Ancienne Mutuelle). The firm adopted the Axa name in 1985. Axa took over The Equitable in 1991 and bought Union des Assurances De Paris (UAP), France’s largest insurer, in 1996 to become Axa-UAP. It reverted to the name Axa in 1999.
Why is AXA now equitable?
AXA began the process of spinning Equitable off as a separate company in 2017, partly in response to changes in European insurance company accounting and solvency laws. AXA distributed stock in the unit, which was then known as AXA Equitable, to its own shareholders in May 2018.
How long has Assurance been around?
1961
Way back in 1961, when gas cost just $0.25 a gallon, Assurance was born. We’re now part of one of the largest insurance brokerages and best places to work in the country. Here are just a few of our major milestones that marked success in the 21st century…
Did AXA change to equitable?
Announcing Equitable: A New Day for a 160-Year-Old Financial Services Company. Formerly known as AXA Equitable Life, the company will begin this new chapter in its distinguished history as Equitable, an iconic American brand synonymous with helping generations of people achieve financial well-being.