Company Overview of AXA Equitable Life Insurance Company
AXA Equitable Life Insurance Company, together with its subsidiaries, provides financial advisory, insurance, and investment management products and services in the United States. The company operates in two segments, Insurance and Investment Management. The Insurance segment offers various life insurance products, including term life, universal life, and variable universal life insurance products; and variable and fixed annuities for asset accumulation and asset distribution needs. This segment also provides investment products, including mutual funds, asset management, and other services to individuals, small and medium-size businesses, and professional and trade associations on retail bas...
1290 Avenue of the Americas
New York, NY 10104
Founded in 1859
Key Executives for AXA Equitable Life Insurance Company
Chairman, Chief Executive Officer, President, Chairman of Executive Committee, Member of Investment Committee, Chief Executive Officer of Axa Japan, President of Axa Financial and Chief Executive Officer of Axa Financial
Chief Financial Officer and Senior Executive Director
Chief Operating Officer and Senior Executive Director
Director, Member of Executive Committee, Member of Investment Committee, Chairman of AXA and Chief Executive Officer of AXA
Chief Executive Officer of the Northern Central and Eastern Europe Region
Compensation as of Fiscal Year 2015.
AXA Equitable Life Insurance Company Key Developments
AXA Financial, Inc., AXA Equitable Life Insurance Company and MONY Life Insurance Co. of America Announces Board Appointments
Sep 18 15
AXA Financial, Inc. announced that Daniel G. Kaye and Kristi A. Matus have been elected to the Boards of Directors of the company, AXA Equitable Life Insurance Company, and MONY Life Insurance Company of America. The elections were effective September 17, 2015. Daniel Kaye is a career auditor, who spent 35 years with Ernst & Young LLP, from which he retired in 2012. Most recently, Kaye served as Interim Chief Financial Officer and Treasurer of HealthEast Care System from January 2013 to May 2014. Kaye is a member of the Board of Ferrellgas Partners L.P., where he serves on the Audit Committee and is Chairman of the Corporate Governance and Nominating Committee. Kristi Matus currently serves as the Executive Vice President and Chief Financial & Administrative Officer at athenahealth, Inc. Before joining athenahealth, Matus served as Executive Vice President of Government Services at Aetna, Inc. from February 2012 to July 2013. Prior to Aetna, she held several senior leadership roles at United Services Automobile Association (USAA), including Executive Vice President and Chief Financial Officer from 2008 to 2012.
AXA Equitable Life Insurance Company Announces Retirement of Danny L. Hale from the Board of Directors
May 20 15
Effective May 20, 2015, Danny L. Hale retired from AXA Equitable Life Insurance Company Board of Directors. Mr. Hales's departure was not as a result of any disagreement with the Company or any matters relating to the Company's operations, policies or practices.
MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. Face Class-Action Lawsuits over Shadow Insurance Allegations
Apr 16 15
MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. are facing class-action lawsuits related to certain practices involving reinsurers. MetLife and AXA Equitable each face two lawsuits, while Lincoln National is facing one. Four of the cases were reportedly filed in the U.S. District Court in New York, while the fifth was filed in the U.S. District Court in New Jersey. Plaintiffs in the lawsuit against Lincoln National alleged that the insurer used a practice called two-step transactions through which it was able to hide its shadow insurance practices. The law suit, in such a transaction the New York-based insurance company transfers risk to its non-New York-based affiliate. The affiliate then retrocedes such risk to a captive reinsurer affiliated with the original New York-based company. That process allows the New York-based insurance company to report that it did not transact directly with the captive, the news outlet said. The suit against Lincoln National further claims that this practice allowed the company to use assets to pay higher salaries to executives, acquire other life insurers or declare higher dividends instead of preserving such assets to pay claims. One of the lawsuits against AXA Equitable reportedly alleged that the insurer engaged in shadow insurance practices related to its life insurance business, resulting in materially misleading representations of its financial condition. The other lawsuit, which pertains to the company's variable annuity business, alleges that the company's shadow insurance practices resulted in misrepresentations about its financial condition, which it used to market guaranteed benefits insurance riders and other life insurance products. In one of the complaints against MetLife, it is alleged that the company is engaging in practices that places the financial futures of its policyholders, their beneficiaries and even the public at risk.
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