AXA is a Paris, France based company founded in 1817 by Claude Bébéar. The financial services company offers people worldwide life and health insurance as well as casualty insurance, property insurance and investment management. They have €98.53 billion in revenue and €1.071 trillion in assets under management. AXA has 166,000 employees stationed in offices in Africa, Asia, the Middle East, North America, the Pacific region and Western Europe.
A conglomerate made up of independently run businesses, AXA is the first brand of insurance worldwide to be rated number one for 8 consecutive years. Since 2016 AXA was among the 3 top global financial services brands. The transnational corporation is rated number two in terms of ownership power over market competition, financial stability and corporate control. The company’s name was changed to AXA in 1986. It took over American insurance firm The Equitable in 1991 and France’s largest insurer Union des Assurances De Paris in 1996. AXA controls its investment branch using AXA Investment Managers.
Deeply involved in philanthropy, AXA has given over €100 million to social and artistic philanthropic initiatives to protect society, human life and the environment. This includes 256 basic-research projects and 230 young researchers in 22 countries.
Vincent Parascandola is the executive vice president of AXA US. A graduate of the Lubin School of Business at Pace University, he has spent over 30 years in the financial services industry. He started his career as a systems Analyst with Irving Trust Company in 1986 and then worked as an agent for Prudential Insurance. Parascandola followed that by spending 15 years employed with The Mony Group from 1990 until 2005 as a financial professional, sales manager, managing director and finally
Field Vice President.
In May 2005 Parascandola was hired by AXA as an executive vice president of AXA Equitable. He then was promoted to president of the Advantage Group and then the Northern Division. From 2009 to 2012 Parascandola was president of the Continental Division. He was president and chief sales officer of the Continental Division until 2014. Vincent Parascandolahas been senior vice president of AXA US since then.