Understanding The History Of AXA, led by Vinny Parascandola

AXA Advisors is a renowned French multinational insurance firm. The company operates in Western Europe, North America, Middle East, and Asia Pacific. Axa’s services are also available in Africa. The corporation is made up of many firms. Each entity is independent and governed by the laws of the countries where they operate. Apart from providing insurance services, the firm is also frequently involved in philanthropic causes.
AXA has been in operation from over 100 years. The company was founded as Mutuelle de L’assurance contre L’incindie in 1816. During that period, the entity provided its services in France. However, as the company grew, it started branching out to other Western Europe nations. Its expansion was mainly aided by the acquisition of businesses such as Compagnie Parisienne de Garantie in 1978, Drouot Group in 1982, The Equitable in 1991, and UAP in 1996. Recent acquisitions made by the company include Guardian Royal Exchange and Winterthur Group. The company’s name was changed to AXA in 1985. Although the name does not stand for anything, the management of the corporation settled on it because people from different parts of the globe can pronounce it easily. The company’s headquarters is based in Paris, France.
AXA believes in philanthropy as indicated by its social philanthropic initiative, AXA Heart in Action. It has also donated over $100 million on research related to the risks affecting human life, society, and the environment. AXA leaders such as Vincent Parascandola have put extra effort to ensure that the company continues with these charitable activities.
About Vincent Parascandola
Vincent Parascandola is an experienced executive in matters of insurance. He is the current senior executive vice president of AXA. In this position, he is responsible for various aspects of the business such as sales, recruiting, management development, productivity, retention, and development of financial professionals.
Parascandola started his career at Prudential in 1987. He joined MONY Life Insurance in 1990 before rendering his services for AXA as the president of the company’s The Advantage Group. His excellent leadership skills have seen him earn different awards such as the Career Development and Master Agency Award. Vincent holds a Bachelor of Science degree from New York’s Pace University.

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