IN a major initiative to offer value added risk solutions to individuals, SMEs and corporations, AXA Group launched of AXA Partners, a dedicated unit to develop partnership business globally. Simultaneously, AXA has also announced the appointment of Jad Ariss as the CEO for AXA's activities in the Middle East, the Gulf region and Africa. Jad Ariss replaces Jerome Droesch, who has now been appointed the CEO of the newly introduced AXA Partners. AXA Partners will be involved in distribution agreements whereby AXA will be insuring or delivering a service to private individuals and SMEs, through a partner. As part of its mission, AXA Partners will: • Design, implement and manage partnerships with selected global partners, • Support AXA entities to develop successful local partnerships. The main partnerships will be managed along the following sectors: • Automotive, • Banks and credit cards, • Retailers, utilities and telecoms, • Digital players, • Public sector and Non-Government Organizations. “We are convinced that many companies and organizations - from car manufacturers to the leaders of the fast-growing sharing economy - could enrich their offering with insurance products and services, to enhance the experience and the protection of their clients. AXA Partners aims at becoming the partner of choice for these companies, by building a specific expertise and providing dedicated resources to develop innovative and tailored insurance solutions, be the easiest to do business with, and deliver a great service to the end-customer,” said Nicolas Moreau, Chairman & CEO of AXA France and member of the Management Committee of the AXA Group. “AXA Partners is uniquely positioned to promote partnerships with both global and local players leveraging the worldwide presence of the AXA Group, its know-how across insurance business lines, and the strength of local AXA entities. Partnership business delivers today over 4 billion euros of revenues across the Group and the success of AXA Partners will make it a source of sustainable growth for AXA going forward”, added Nicolas Moreau. Jerome Droesch, the newly appointed CEO of AXA Partners will also supervise the two existing business entities that currently manage global partnerships: AXA Assistance and AXA Creditor (including potential acquisition of Genworth Lifestyle Protection Insurance. — SG
