AXA Mansard Insurance plc is a member of the AXA Group, the worldwide leader in insurance and asset management with 157,000 employees serving 103 million clients in 59 countries. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language.
AXA Mansard Insurance plc was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services, medical insurance solutions and pension fund administration through its three subsidiaries AXA Mansard Health Limited, AXA Mansard Investments Limited and AXA Mansard Pensions Limited. The Company was listed on the Nigeria Stock Exchange in November 2009 and has Market Capitalization in excess of N28 billion thereby remaining the biggest insurance company on the Nigerian Stock Exchange.
AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has over 20 years' continuous presence in Africa.
AXA Mansard Health Limited is the Health Maintenance Organization (HMO) arm of the AXA Mansard group of companies. The HMO is geared to promote her members’ wellbeing.
AXA Mansard Health Limited has restructured its operations in accordance with the National Health Insurance Scheme (NHIS) New HMO Accreditation Guidelines (‘the Guidelines’), and has in this regard, increased the Company’s share capital to N700m (Seven Hundred Million Naira) well above the N400m minimum capital required by the NHIS. It has also established functional offices in Lagos (the head office), Abuja, Port-Harcourt, Enugu, with ongoing arrangements to open offices in other locations.
AXA Mansard Health has a 24-hour call center, a team of highly trained and dedicated professionals, service portals at all AXA Mansard Welcome Centres nationwide and has deployed state-of-the-art technology to attain operational excellence while contributing to prompt service delivery and overcoming of challenges being encountered in the Nigerian health insurance industry. The Company is today positioned to provide optimal and effective health risk management solutions and financial services to both individuals and corporate bodies.
AXA Mansard Investments Limited is a multi-expert asset management company within the AXA Mansard Group, a leader in financial protection and wealth management. We are duly registered by the Securities and Exchange Commission of Nigeria (SEC) as Fund/Portfolio Managers. We provide both local and global investment solutions for a wide variety of clients, leveraging the talent of our Fund Managers as well as our ability to access a comprehensive range of opportunities spanning all asset classes.
In an increasingly volatile environment, we continue to build on our experience of working within the AXA Group to provide institutional and private clients with cutting edge solutions. Our teams of experts are focused on specific asset classes where we believe we can add real value for our clients. They design and execute tailor-made strategies grounded on an objective and independent assessment of our market opportunities and clients' constraints, with a focus on performance, liquidity and capital preservation.
We also believe that Responsible Investing can help deliver superior risk-adjusted returns for our clients over the long term. We incorporate environmental, social and governance (ESG) issues in our fundamental research and consider them carefully in taking investment decisions. This is part of how we redefine investment solutions.
AXA Mansard Pensions Limited was incorporated in 2006 as Penman Pension Limited. In the last quarter of 2014, Mansard Insurance plc a leading Nigerian Insurance company acquired a majority interest in Penman Pensions, thereby becoming the majority shareholder with a view to repositioning and transforming the Company.
AXA Mansard Pensions is licensed to operate as a Pension Fund Administrator to both Private and Public sector employees, while also offering pension advisory, investment and consultancy services. The company has maintained a top 5 industry position on Return on Investment in the last 4 year as at December 2014 (Audited).