August 18, 2017 4:53 AM ET

Insurance

Company Overview of AXA Belgium SA/NV

Company Overview

AXA Belgium SA/NV provides life and property and casualty insurance products to private individuals and corporate customers. Its products include individual and industrial accident, auto, fire, home, and TPL private life insurance. The company sells its products through insurance brokers and independent banking agents in Belgium and internationally. The company was formerly known as AXA Royale Belge SA and changed its name to AXA Belgium SA/NV in March 2002. The company is based in Brussels, Belgium. AXA Belgium SA/NV operates as a subsidiary of AXA Holdings Belgium S.A./N.V.

Boulevard du Souverain 25

Brussels,  1170

Belgium

Phone:

32 2 678 61 11

Fax:

32 2 678 93 40

Key Executives for AXA Belgium SA/NV

Chief Executive Officer
President and Director
Age: 71
Chief Operating Officer
Age: 59
Compensation as of Fiscal Year 2017.

AXA Belgium SA/NV Key Developments

Axa Belgium to Cut 650 Jobs in Strategic Restructure; Plans to Invest EUR 200 Million

Axa Belgium has announced a strategic plan for 2020 that could lead to up to 650 redundancies. The plan, which is a continuation of the "Simple and Connected" programme launched in 2015, will see AXA Belgium stop offering new individual insurance investment contracts from 1 January 2017, and instead focus on life insurance and pension insurance for employers and individuals. The group also plans to accelerate digital transformation through investments amounting to EUR 200 million.

AXA Belgium Announces Management Changes

Jef Van In will move from his role as CEO of AXA Bank Europe SA to replace Frank Koster as CEO of AXA Belgium SA. Koster will step down as CEO as of July 15, 2016 but remain in an advisory role until the end of 2016. The appointment is subject to Belgian central bank approval. The Belgian unit's CFO, Sonja Rottiers, is to leave the company as of September 1, 2016 when its COO, André Vanden Camp, will take up a new role overseeing an IT transformation. AXA Bank Europe Deputy CEO and CFO Emmanuel Vercoustre will chair the lender's management board on an interim basis.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 17, 2017
5,800 Mt Sq Building And 69 Parking Spaces At 1060 Brussels
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