DOHA, 18 July 2007
AXA Insurance Gulf, the fastest growing international insurance company in the Middle East, has formally opened its Doha branch today in the new Qatar Financial Center tower. A launch ceremony was held at the QFC towers that included Qatar & Bahrain’s Country Manager, Mr. Stephen Wagstaff and Qatar’s Sales & Distribution Manager, Thiyagarajan Ilango.
The AXA Insurance Doha branch will start with offering its wide range of corporate products to protect businesses of all sizes; from large industrial and commercial complexes to small offices and retailers. The range of products includes Property, Marine, Casualty & Liability, Office, Motor Fleet and Healthcare insurance.
Speaking at a Press Conference held at the new office premises, Country Manager, Stephen Wagstaff said,” There are huge growth opportunities for insurance here in Qatar and as the global leader in risk management, we intend to seize the enormous potential available to us. AXA’s leading position in international markets permits us to access an extensive network of expertise and we will use this to deliver to our clients professional service and diversity of products.”
Says Andrea Rossi, CEO of AXA Insurance Gulf in the Middle East, “This is all part of our global expansion plan and our commitment to the Middle East region. AXA Gulf is growing exponentially and we are constantly looking to expand and also improve our products and services to our customers in order to raise the local benchmark and encourage a more competitive marketplace.”
About AXA in the Gulf
AXA in the GCC, with a workforce of over 400 employees, 11 offices region-wide, a substantial customer base and a gross written premium of over US$ 200 million, is a major international insurer in the Middle East offering a wide range of insurance products and services for corporate and individual customers.
About AXA Group worldwide
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro 1,315 billion in assets under management as of December 31, 2006. For full year 2006, IFRS revenues amounted to Euro 79 billion, IFRS underlying earnings amounted to Euro 4,010 million and IFRS adjusted earnings to Euro 5,140 million. The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.
For additional information, please contact:
Lianne Braganza-D’Sylva
Asst. Marketing Manager, Gulf Region
Email: lianne.dsylva@axa-gulf.com
Phone: +971 4 3150115