{draw:frame} ANDRIEUX Perrine Management year 3 AXA Group *AXA Group global locations My study is going to concern the group AXA. It is a French global insurance companies group headquartered in Paris. It is a group stemming from the fusion of several insurance companies, of which the most former date of 1816. AXA is not the name of a single company but a group of companies independently organized and operated according to the regulations of many different countries. AXA ranks as the 15th biggest company in the world (based on revenue) on the 2006 Fortune Global 500 list. Study of AXA This mutual insurance company had already begun a shy internationalization in 1955 by acquiring a Quebecois company called Provinces-Unies. So, at the beginning of 1980s, AXA, which did not still exist under this name, was not only a small mutual insurance company of French insurance realizing 160 million euro of turnover and grouping together 1850 co-workers. The opening of AXA in the international In the second half of the 1980s, the group AXA continues its growth in France by acquiring several insurance companies. AXA goes into the capital of National Mutual Life Insurance Company in 1994. The second Australian insurer-life, not being able to any more face his commitments, is forced to re-capitalize. AXA re-capitalizes National Mutual and so makes its entrance to Australia, to New Zealand and to Hong-Kong. In 1996, AXA begin its activities in Morocco by the repurchase of “Insurance Al Amane ". In 2007, AXA increases its presence in Switzerland with the purchase of National Switzerland Assurance (French subsidiary of national Swiss). In 2008, AXA buys the third Mexican company ING Seguros. AXA is the third world insurer by market capitalization, behind the American AIG and the insurer Berkshire Hathaway. Key figures Nature of the company AXA is a limited company with a capital of 4.784.210.992,74