Business Weekly

60 years of growth

April 21 - 27, 2010
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AXA Insurance marked 60 years of business in the region with a cake cutting ceremony at the Gulf Hotel.

The company has seen enormous growth thanks to its strong partnership with the Kanoo family. Norwich Union, which was acquired by AXA in 2005, appointed Kanoo as agents in 1950.

It has grown from 50 customers in Bahrain to more than 500,000 throughout the GCC and a turnover of almost half a billion dollars. Around 700 are employed in the insurance business and AXA has recently been granted an operating licence in Saudi Arabia.







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