METLIFE & AXA FURTHER STRENGTHEN MAXIS GLOBAL BENEFITS NETWORK (GBN) UNDER JOINT VENTURE COMPANY AND APPOINT A CEO
Mauro Dugulin will lead MAXIS GBN from its new headquarters in London
New York, U.S.A. and Paris, France, October 29, 2015
MetLife and AXA today announced plans to further strengthen their MAXIS Global Benefits Network (MAXIS GBN) by combining its existing operations under a joint venture company.
Through the joint venture, MAXIS GBN will integrate activities including sales, marketing and client servicing to provide a single, seamless client experience. As pioneering insurers in the employee benefits space, MetLife and AXA are building MAXIS GBN as a long-term partner for multinational clients. MAXIS GBN is meeting clients’ emerging needs by investing in market-leading analytics, medical reporting, and health and wellness solutions, to go beyond traditional insurance products.
MAXIS GBN will be headquartered in London, UK, and Mauro Dugulin will be appointed CEO of the joint venture company. Mr. Dugulin brings with him proven expertise in successfully growing multinational employee benefits businesses and reinforcing global operations. He will be advised by a management committee, led by Dan DeKeizer, Senior Vice President, Global Employee Benefits, MetLife and Mattieu Rouot, Senior Vice President and Head of International Employee Benefits, AXA, and supported by a MAXIS GBN senior leadership team from both AXA and MetLife.
“As multinational companies continue to grow globally, they need benefits providers who can offer comprehensive, integrated benefits solutions, in keeping with the organization’s global human resource strategy. By strengthening MAXIS GBN we are best positioned to meet the unique needs of customers in more than 110 markets,” said Maria Morris, Executive Vice President, Global Employee Benefits, MetLife and Co-Chairman MAXIS GBN Board.
“MAXIS GBN highlights AXA and MetLife’s ability to work as strategic partners to deliver a best-in-class customer experience, a broad geographical reach, and innovative product solutions,” said Didier Weckner, Deputy Chief Executive Officer of AXA France, Head of Group Business for AXA, Co-Chairman MAXIS GBN Board. “I am confident that MAXIS GBN is on the path to becoming the leading employee benefits network.”
About MAXIS GBN
Founded in 1998 by AXA and MetLife, MAXIS GBN offers holistic global benefits solutions tailored to meet the unique needs of clients around the world, with a deep understanding of local market and regulatory trends. The MAXIS Network offers pooled, captive and local arrangements, and delivers on global and local health and wellness programs, world class service capabilities and strong data and analytics. MAXIS GBN is trusted by over 750 multinational employers and covers 1.5 million employees worldwide. For more information, please visit www.maxis-gbn.com.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About the AXA Group
The AXA Group is a worldwide leader in insurance and asset management, with 161,000 employees serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
MAXIS GBN S.A.S., Paris, France provides services on behalf of AXA France Vie S.A., Paris, France (AXA) and Metropolitan Life Insurance Company, New York, NY (MLIC) in connection with the MAXIS Global Benefits Network. The MAXIS Global Benefits Network is administered by AXA and MLIC and is a network of locally licensed MAXIS member insurance companies (“MAXIS Members”). MAXIS GBN S.A.S. and the MAXIS Global Benefits Network are neither insurance providers nor insurance intermediaries and only the MAXIS Members provide insurance. MLIC is the only MAXIS Member licensed to transact insurance business in New York. The other MAXIS Members are not licensed or authorized to do business in New York, and the policies and contracts they issue have not been approved by the New York Superintendent of Financial Services and are not subject to all of the laws of New York.