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Tag: AXA

  • AXA customers laud firm on partnership

    AXA customers laud firm on partnership

    Policyholders of AXA Mansard Insurance have commended the insurer for its impact with its recently concluded Partner-for-Life campaign. The initiative, featuring the Nigerian actor, Adedimeji Lateef, aimed to show that true love goes beyond grand gestures and is reflected in meaningful actions.

    AXA Nigeria’s campaign centered on reaching out to the beneficiaries of the company’s late customers’ life insurance policies, reminding them that they are not alone. The gesture was a testament to AXA’s commitment to being more than just a payer of claims, but a partner for life, standing by their customers through good and challenging times.

    The campaign kicked off with visits to women who had recently lost their husbands, who were showered with heartfelt gifts and personal messages from AXA Mansard Chief Executive Officer, Kunle Ahmed.

    Such gesture, the firm said, reinforces its message: ‘We are your partner for life.’ Besides, it provided comfort and support during a difficult time, showing that AXA’s care extends beyond the policyholder to their loved ones.

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    The firm also made time to celebrate moments of joy by visiting new mothers who had recently welcomed twins. “These mothers were not only surprised with gifts but also received personal letters emphasising AXA’s enduring promise of partnership. The mothers expressed their gratitude for the seamless and reassuring experience provided by AXA’s health insurance services, making their journey into motherhood a little easier,” the firm said.

    AXA Nigeria’s chief marketing officer, said: “At AXA Nigeria, we understand that life is a mix of ups and downs. We want to be there for our customers through all of it. From the first day they choose to partner with us to every moment that follows, we are committed to being their ‘Partner for Life.’

    “Through acts of kindness, love, and support, we reinforced this promise. We are here for all the moments; we are here through the tough times, providing comfort, stability, and the reassurance that, no matter what, they are not alone,” he submitted.

    “We see Nigerian art being demanded globally. The quality of Nigerian artists is definitely the best in Africa. So, it is really a part of them to like leapfrog and excel from the starting point for them.”

    “Since they are emerging artists, the prices are lower than your typical global exhibitions because they are young, but they are good. We had over 1000 applications for this fair, and we went through every single application and selected 140 artists that are the best in the country,” she said.

  • AXA Mansard Health takes medical outreach to Lagos community   

    AXA Mansard Health takes medical outreach to Lagos community   

    Hundreds of Abule Oja Community residents in Lagos State have benefited from the ongoing medical Outreach funded by AXA Mansard Health Limited.

    The Outreach, according to Tope Adeniyi, CEO of AXA Mansard Health Limited, is another way the company demonstrates its commitment to total wellness for everyone. 

     Adeniyi said that AXA Mansard Health is committed to universal health coverage, and while it is working with national institutions to midwife this in Nigeria, it is also putting its resources behind ongoing community development initiatives that combine preventative health education with medical tests and distribution of mosquitoes nets.

     “For us at AXA Mansard Health, universal health coverage is an important topic. We are convinced that healthcare should be accessible, available and affordable. And it should be accessible to everyone notwithstanding their socio-economic, geographic and educational status”. 

     “So this medical Outreach is another in the series of programmes we have listed to improve community health this year. 

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    “You will recall that early in the year, we donated medical equipment to general hospitals in remote areas across the six geopolitical zones of Nigeria. We are not relenting. We are poised to do more. It is our wish that wellness is ubiquitous anywhere you turn in Nigeria. And we are embarking on this journey one community at a time. 

    “What should also interest you in the community health outreach is that our employee volunteers majorly drive it. Our employees across ranks and sectors were not just the brains behind this programme; they came out and dedicated their time. 

    They went into the community to make this programme a success. 

    That tells you that this is not just a CSR programme; it is a commitment that permeates our system and is at the heart of our employees”, Adeniyi said.

    Adebola Surakat, Chief Marketing Officer of AXA Mansard, said the initiative is delivered under the AXA Hearts in Action programme. 

    “AXA Hearts in Action is our global employee volunteering programme. It is at the core of our purpose of acting for human progress.

     It is a programme that ensures that our employees are not just coming to work to create solutions for progress every day, but they come to work also to give back their time to causes that advance a better and healthier society”. 

    Reacting to the initiative, Alhaji Otunbade Nurudeen, the Abule Oja Community Development Association Chairman, thanked AXA Mansard for considering the community for such a laudable initiative.

     “We’re delighted today to have AXA Mansard conduct this Outreach here. We are grateful for the investment in time, the mosquito nets, the health talk and the screening. These are significant gestures that will help our community stay healthy, especially in this current economic situation”, he said.

  • Lagos hails AXA Mansard’s climate action during “TrashToTreasure” initiative

    Lagos hails AXA Mansard’s climate action during “TrashToTreasure” initiative

    The Lagos State government has lauded AXA Mansard for what he described as its ongoing commitment to the fight against climate change.

    The Special Adviser to the Governor on Climate Change and Circular Economy, Titi Oshodi expressed her commendation during a commemorative walk held in conjunction with AXA Mansard’s leadership and staff members.

    The walk was part of AXA’s broader efforts to raise awareness about the critical issue of waste management and its impact on Lagos’s water bodies.

    The event was organised as part of AXA Mansard’s annual “AXA Week for Good,” a flagship initiative under the AXA Hearts in Action (AHIA) program.

    Under this year’s theme: “TrashToTreasure,” AXA Mansard employees took proactive steps by collecting waste from their homes, offices, and surroundings.

    This waste was then converted into funds, which the company plans to donate to provide health insurance for vulnerable children under the Chess-In-Slums Africa Foundation.

    During the awareness walk, which was followed by a beach clean-up conducted by AXA employees in Lagos, Oshodi emphasised the State Government’s pride in partnering with organizations like AXA Mansard that are not just raising awareness but actively engaging in actions to mitigate climate change. She highlighted the importance of such collaborations in the context of Lagos State’s ambitious goal to achieve a zero-carbon footprint by 2050.

    “The reality of climate change is no longer a distant concept; it is upon us,” Oshodi remarked.

    ‘’According to the Lagos State Climate Action Plan 2020–2025, over half of Lagos’s 21 million residents live in informal settlements, making them particularly vulnerable to the impacts of climate change.

    The Lagos State Adaptation and Resilience Plan (LCARP) estimates the cost of inaction at a staggering $22–29 billion—11 times the state’s 2022 annual budget.”

    Oshodi praised AXA Mansard’s TrashToTreasure initiative, noting how it aligns perfectly with her office’s mission to embed circularity into climate action. “When I heard that AXA Mansard is not only collecting waste but also turning it into a resource to provide health insurance for vulnerable children, I recognized this as a model initiative.

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    It embodies the principles of circularity by transforming waste into economic, social, and environmental benefits.”

    Replying, Rashidat Adebisi, Chief Client Officer at AXA Mansard, expressed the company’s gratitude for the state government’s recognition. She reaffirmed AXA’s unwavering commitment to its sustainability agenda, particularly in combating climate change and protecting vulnerable populations. “We are thrilled and motivated by your presence today as we reaffirm our commitment to human progress by safeguarding what matters most,” Adebisi said.

    She elaborated on the company’s focus for the year, which is on protecting water bodies by addressing waste pollution.

    “The impact of waste on water is profound, with far-reaching health, environmental, social, and economic consequences. We’ve all witnessed the devastation caused by flooding, the loss of homes, businesses, and lives—all exacerbated by improper waste management.”

    Adebisi also highlighted the enthusiastic participation of AXA employees across Lagos, Abuja, and Port Harcourt, who volunteered to raise awareness and take part in waste collection and beach clean-up activities. “This is what AXA Hearts in Action represents—a collective effort to make a tangible difference.

    We remain committed to providing the leadership and support necessary for our employees to continue pursuing this shared purpose,” she added.

  • Award for AXA Mansard insurance

    Award for AXA Mansard insurance

    A leader in Insurance and Asset management, AXA Mansard, a member of AXA, has emerged as the General Insurance Company of  the Year at the 2023 edition Almond Insurance Industry Awards.

     The award which was presented to the company at a ceremony in Lagos, is another testament of its Industry leadership and unwavering commitment to customer service.

    The Almond Insurance Industry Awards is designed to promote the best practices in corporate management, leadership, governance, innovation, and sustainable growth within the insurance sector.

    According to the organiser of the event, the yearly event serves as a platform to acknowledge and celebrate the remarkable achievements of industry professionals.

    Receiving the award, the Chief Security Officer of AXA Mansard Insurance, Adekunle Akinbowale, expressed the company’s appreciation for the recognition and support.

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    He noted that the award is another testimony to the relentless efforts of the underwriter team to ensure that AXA’s purpose of acting for human progress is experienced by every Nigerian.

    On the award, Kunle Ahmed, Chief Executive Officer, AXA Mansard Insurance Plc, said that the recognition will spur AXA Mansard to continue to do more for its customers and provide exemplary leadership for the industry, especially at a time like this that is beclouded by uncertainties.

    “We are once again, humbled by this award as the General Insurance Company of the Year because it signals the level of confidence that customers have in us. It is another way customers have spoken that since we always put them first; they will always prefer us as well. We are aware that this is another challenge to do more. We do not take their trust for granted, but we accept the challenge to do more across all our business lines – General, Life, Health and Investments”, Ahmed said.

  • AXA Mansard CEO joins WAII

    The Governing Council of the West African Insurance Institute (WAII) has appointed the Chief Executive Officer of AXA Mansard Insurance Plc, Mr. Kunle Ahmed, as a member of its Academic Board.

    In a statement, WAII said: “The institute provides professional insurance education and, in conjunction with both University of South Africa and Cambridge Graduate University, also conducts Master’s programmes in Risk Management and Insurance and Marketing. It also serves as a centre for the collection of technical and other insurance data.’’

    Ahmed, however, said his appointment comes as great news and the entire AXA Mansard team.

    Ahmed said having graduated with distinction from the same institution several years ago, he was excited to serve his alma matter on the board.

    ‘’I will be contributing my quota, through the Academic Board, towards the achievement of the lofty goals of the institute,’’ he said.

    He stressed that AXA Mansard, like WAII, is committed to investing in personnel development, which is key to sustaining superior service standards and world-class insurance practice.

  • AXA Mansard joins race against cancer

    The AXA Mansard and over 200 organisations have partnered against cancer with a race tagged “e-Race Cancer 2.0”, at the Onikan Stadium.

    The NSE corporate challenge is an annual five-kilometer race aimed at creating cancer awareness and raise funds for the purchase of 37 Mobile Cancer Centres (MCCs), valued at $613,000 each.

    This year’s event attracted participants from listed and non-listed companies alike, as well as non-governmental organisations, celebrities and many other notable Nigerians.

    Group Head, Strategy, Planning and Marketing at AXA Mansard Mr. Kola Oni, said: “AXA Mansard is a strong supporter of initiatives on prevention, detection, and treatment of cancer. As a leading insurer, our key expertise lies in understanding and managing risk, and our key responsibility is protecting people.

    “This means that we have an essential and active role to play in ensuring that the ever-evolving risk landscape is brought to the fore, and is understood by the society as a whole.”

    Oni lauded the NSE on the initiative and emphasised the need for concerted efforts in the early detection and treatment of cancer.

    He congratulated Suliat Giwa of AXA Mansard Insurance Plc and Naomi Aduku of AXA Mansard Pensions Ltd, who clinched the second and third positions in the female category, for participating in the race and for making the company proud.

  • AXA Mansards partners Jumia on mobile week

    AXA Mansard Insurance plc. in partnership with online retail store Jumia, will offer

    customers the opportunity to insure mobile devices purchased during the 2016 Jumia

    Mobile Week – a week where mobile devices will be sold at significant discounts. With

    mobile device insurance, customers are assured of insurance cover on their mobile

    devices covering screen and liquid damage.

    The 2016 mobile week tagged “The Jumia Mobile Week Reloaded” started

    May 31st and ends  June 6. For one week, popular smartphones and devices from major Original Equipment Manufacturers (OEMs) will be on sale on Jumia’s website. Customers can take advantage of this opportunity to purchase mobile devices and these devices can be insured upon purchase.

    Jumia Mobile Week is an annual online shopping event hosted by Jumia (Nigeria’s

    biggest online retailer), in partnership with some of Nigeria’s top OEM brands to host the biggest mobile device sales. The 2015 event saw Nigerian consumers get good deals on mobile phones and tablets from OEM brands such as Apple, Samsung, BlackBerry, Tecno, Innjoo, Infinix etc. Each participating brand had a special day to grant its customers deals on the sale of mobile devices, with brands giving up to 50% discount in certain cases.

  • AXA Mansard train HR leaders on good mgt

    AXA Mansard Health Limited, the health management subsidiary of AXA Mansard Insurance Plc, is set to train human resources managers on how to improve and sustain employee motivation in the workplace.

    The firm held the first edition of its human capital initiative, HR Leaders’ Conference, where the benefits of good staff relationship was explored as the difference between a successful company and an unsuccessful one.

    The conference with Sustaining Employees’ Motivation through Integrated Benefit Planning as its theme was held in Lagos with professionals in the human resources department commenting on the future of the industry.

    The Chief Executive Officer of AXA Mansard Health Limited, Mr. Tope Adeniyi, said the initiative was conceptualised to provide a platform for human resources leaders to meet and discuss issues as it relates to improving and sustaining employee motivation in the workplace.

     

     

    Adeniyi said people who are the workforce in any organisation can be encouraged to increase productivity, not only through wage increase, but by a careful understanding of their feelings through a robust employer-employee relationship, adding that as for most members of staff, it is family or workplace challenge that is limiting their outputs.

    He said: “The confab came about as a result of the gap we saw in the market that a lot of employees are not satisfied in their working environment and if an employee’s family is taken care of, productivity in work can be improved and it is time we should be looking beyond wages, none wages reward system that can make employees more satisfied in the work should also be looked at.”

  • AXA acquires 18.6% equity stake in Eranove Group

    AXA, the world’s largest insurer that recently bought majority equity stake in Mansard Insurance Plc, has acquired 18.6 per cent equity stake in Eranove Group, making inroad into utility business in the West African region.

    Emerging Capital Partners (ECP), the owner of ECP Africa Fund II which holds the majority equity stake of 55.9 per cent in Eranove Group, confirmed the acquisition on Monday. AXA consummated the transaction through AXA’s Real Estate division, which specializes in real estate and infrastructure. AXA is acquiring the 18.6 per cent residual stake which was held by the Bouygues Group.

    Formerly known as Finagestion, the Eranove Group was created when Bouygues combined the African assets of its subsidiary SAUR into a single company. ECP first bought into Eranove’s capital in 2008 and acquired a majority holding a year later.

    “Having a top-flight investor like AXA Real Estate on board is great news for Eranove and a great pleasure for ECP,” said Vincent Le Guennou, Co-Chief Executive Officer of ECP and Chairman of the Board of Eranove.

    He said with AXA as its new shareholder, Eranove would continue to pursue and broaden its goal of developing and facilitating the population’s access to essential life services.

    Eranove currently accounts for almost 70 per cent of installed electricity generating capacity in the Ivory Coast, supplying 1,136 MW via two of its subsidiaries, Compagnie Ivoirienne d’électricité (CIE) and Compagnie Ivoirienne de production d’électricité (CIPREL). CIE operates six hydroelectric and a thermic power station and also manages the transport and distribution network. CIPREL operates one of the country’s most important thermal power stations, where the company is currently completing its expansion through one of the largest infrastructure investments in recent years in the Ivory Coast (EUR 343.6 million). Phase one (111 MW gas turbine) opened in January 2014, while phase two (111 MW steam turbine) should start operation at the end of 2015.

    Eranove is also represented in the water sector through Société de distribution d’eau de la Côte d’Ivoire (SODECI) and Sénégalaise des Eaux (SDE), which are by way of delegation of public service, the leading African players in producing and distributing drinking water and sanitation.

    Eranove has also focused on expanding across Africa in recent years, winning a technical support contract from Régideso in the Democratic Republic of Congo in 2012 and in June 2015, signing a contract to design, build and operate the hydroelectric power station at Kenié with the government of Mali, through their subsidiary Kenié Energie Renouvable.

    Le Guennou noted that in choosing to make its first move into Africa with this transaction, AXA Real Estate has underlined the attractiveness of Eranove Group’s business model adding that Eranove Group has developed sound expertise in a continent whose current annual financial requirements are estimated at more than $40 billion for energy, and more than $20 billion for water and sanitation.

    It’s unclear whether AXA involvement in Eranove Group will bring the utility firm into the Nigerian market.

    Founded in 2000, ECP is a pan-African private equity firm that has raised over $2 billion for growth capital investing in Africa. ECP has a diversified set of investments with capital deployed in over 40 African countries and in various sectors including financial services, telecommunications, natural resources, agriculture and infrastructure.

    AXA had in July 2015 reincorporated Mansard Insurance Plc as AXA Mansard Insurance, to complete the acquisition and brand essence change that started late last year.

    AXA had bought 77 per cent majority equity stake in Mansard Insurance Plc, in a major market-entry push that promises to profoundly impact the Nigerian insurance industry. AXA already has a substantial presence in Africa including Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria.

    AXA took over the 77 per cent equity stake held by Assur Africa Holding Limited (AAH), the core investor that had purchased the former Guaranty Trust Bank insurance subsidiary. GTBank had sold its insurance subsidiary, Guaranty Trust Assurance Plc, in compliance with regulatory framework of the Central Bank of Nigeria (CBN).

    AXA had entered into an agreement to acquire 100 per cent of Assur Africa Holdings, which then held the 77 per cent equity stake in Mansard. AAH is made up of Development Partners International (UK), Africinvest Inc (Tunisia), Netherlands Development Finance Company (Holland), German Investment Corporation (Germany), French Development Finance Company (France) and ASPV Limited.

     

     

  • Axa secures $4.3b longevity swap with pension fund

    Axa U.K. Group Pension Scheme, London,has completed a £2.8 billion ($4.4 billion) longevity swap with Reinsurance Group of America for the defined benefit section of its retirement plans.

    The swap covers about half of the pension fund’s liabilities, said a news release from Axa U.K. The total asset size was not immediately available.

    The deal covers 11,000 members. The swap will form part of the pension fund’s investment portfolio, providing income in the event that members live longer than is currently expected.

    “By significantly derisking the scheme, this will benefit all our DB scheme members and will not affect any payments to members as they will continue to receive their pension as normal,” said Stephen Yandle, chairman, Axa U.K. Pension Trustees Ltd., in the release.

    Towers Watson Co. and Linklaters L.L.P. were lead advisers to the trustees and company.

    A spokeswoman for Axa was not available to comment.

    • Culled from Business Insurance.