July 25, 2016 8:47 AM ET

Insurance

Company Overview of AXA UK plc

Company Overview

AXA UK plc provides insurance products, healthcare plans, and wealth management services in the United Kingdom and internationally. The company offers personal insurance products that include car, home, travel, and breakdown insurances; and business insurance products that comprise public liability, employers' liability, professional indemnity, van, commercial and residential landlord insurance, commercial property, fleet and haulage, and shop insurances. It also offers personal, business, and international health covers; and life insurance products. In addition, the company offers Elevate, an online investment platform that helps users in managing their investments; retirement wealth accoun...

5 Old Broad Street

London,  EC2N 1AD

United Kingdom

Founded in 1994

14,494 Employees

Phone:

44 20 7920 5900

Fax:

44 20 7726 4965

Key Executives for AXA UK plc

Group Chief Executive, Executive Director, Member of Executive Committee and Member of Corporate Responsibility Committee
Age: 49
Chief Financial Officer and Executive Director
Age: 48
Group Chief Operating Officer
Non-Executive Director, Chairman of AXA Group and Chief Executive Officer of AXA Group
Age: 62
Chairman of AXA France and Chief Executive Officer of AXA France
Age: 69
Compensation as of Fiscal Year 2016.

AXA UK plc Key Developments

AXA UK plc, Pearl Life Holdings Ltd. - M&A Call

To discuss the acquisition of AXA Wealth's pensions and protection businesses

Standard Life Savings Limited signed an agreement to acquire AXA Portfolio Services Ltd. from AXA UK plc.

Standard Life Savings Limited signed an agreement to acquire AXA Portfolio Services Ltd. from AXA UK plc on May 4, 2016. The transaction will be financed from Standard Life's existing cash resources. In a related transaction AXA agreed to sell the offshore investment bonds business based in the Isle of Man on April 28, 2016. The combined consideration for the transactions is approximately £630 million. The transaction is subject to certain conditions being met including approval of regulators and is expected to close in second semester 2016. Jakub Rosochowski and Neil Longair of Institutional Equity Investors acted as public relation advisor to Standard Life.

AXA Reportedly In Talks To Sell Units

AXA Group (ENXTPA:CS) is in talks to sell UK life-insurance and wealth-investment units. AXA plans to sell most of its unit, according to two people with knowledge of the matter. AXA is likely to sell parts of the businesses, known collectively as AXA Wealth Limited, to separate bidders in deals that may raise 500 million pounds to 700 million pounds, said the people, who asked not to be identified because the information is private. Standard Life plc is bidding for Elevate, the people said. An agreement for sale might be reached by the end of April 2015. AXA is also in talks with other bidders to sell AXA UK plc and investment-fund activities on the Isle of Man, the people said. Business Times added that an AXA official declined to comment and a spokesman for AXA UK said the company doesn't comment on "market speculation".

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 27, 2016
AXA SunLife Direct Limited and Winterthur Life UK Holdings Limited
Merger/Acquisition
May 4, 2016
AXA Portfolio Services Limited
 

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