Axa took over The Equitable in 1991 and bought Union des Assurances De Paris (UAP), France's largest insurer, in 1996 to become Axa-UAP. In 1982, it merged with the Drouot Group, owned by the Hottinguer family, becoming Mutuelles Unies/Drouot. It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies. The company was founded in 1816 as Mutuelle de L'assurance contre L'incendie (the Ancienne Mutuelle). It is a component of the Euro Stoxx 50 stock market index. Axa is a conglomerate of independently run businesses, operated according to the laws and regulations of many countries. The Axa Group operates primarily in Western Europe, North America, the Indian Pacific region, and the Middle East, with a presence also in Africa. It also provides investment management and other financial services. (styled as AXA or GIG in the Middle East) is a French multinational insurance company headquartered in the 8th arrondissement of Paris.
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