June 7, 2010
Montreal, June 7, 2010 – AXA Canada announced today that it has sold its interests in Agence Gilles Gadoua (Gadoua) to Force financière Excel, a major business partner, effective June 1st, 2010.
This transaction completes our strategy to transform our distribution network, which was initiated in 2005. This new positioning allows AXA to focus on its mission as an insurer and to reinforce partnerships with a major business affiliate; a winning formula that will further enable AXA to meet its growth and profitability objectives.
The agreement with Force financière Excel will provide Gadoua’s advisors with the invaluable support of one of the best financial services firms in Quebec, and nurture its ongoing privileged business relationship with AXA. Over the next few months, AXA and Force financière Excel will do their utmost to streamline the transition process by keeping administrative and operational changes to a minimum.
AXA wishes Force financière Excel the best of success with the confidence that Gadoua’s advisors will see this process as another great reason for their trust and patronage.
Present across Canada, AXA offers a complete line of Property/Casualty and Life and Health Insurance products to its clients through its 2,300 employees and some 4,000 brokers and advisors. In 2009, AXA had revenues of C$2.05 billion and a net profit of C$137.6 million. AXA in Canada is a member of the AXA Group, a world leader in Financial Protection, operating mainly in Western Europe, North America and the Asia/Pacific region. Around the world, 80 million clients place their trust in AXA.
Lydia Saint-Germain
Communication Consultant, Life and Health Insurance
AXA Assurances
lydia.saint-germain@axa-assurances.ca
514 282-6817, poste 4505