Equitable Moves Another Step Away From AXA
February 11, 2020 by Allison Bell
A company that was once a high-profile pillar of the U.S. life insurance industry is continuing to reestablish itself as an independent, U.S.-based company.
Equitable Holdings Inc. announced Friday that Thomas Buberl — the chief executive officer of AXA S.A. — has left the Equitable board.
The Equitable Life Assurance Society of the United States was founded in New York in 1859, and its executives and directors were prominent in New York society.
AXA, a company based in Paris, acquired control over Equitable in 1991.
AXA began the process of spinning Equitable off as a separate company in 2017, partly in response to changes in European insurance company accounting and solvency laws.