Like much of the global insurance industry, Europe’s second biggest insurer has suffered from low interest rates in recent years. In 2015, the company’s revenue declined 29% to $129 billion and AXA drops 13 spots on the Global 500 list. The French insurance giant’s new CEO Thomas Buberl takes the helm later in 2016 and the company has announced a major strategic overhault to cut costs, expand its business in growth markets in Asia, and invest in new technology.
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