AXA Equitable Promotes Methot To Executive Vice President
September 24 2008 - 1:15PM
PR Newswire (US)
Leads Life and Annuity Product Development NEW YORK, Sept. 24
/PRNewswire/ -- Claude A Methot has been elected Executive Vice
President of Life and Annuity Product Development at AXA Equitable
Life Insurance Company. Mr. Methot, a member of the company's
Executive Management Committee, is responsible for the strategic
development, management and implementation of business plans for
AXA Equitable life insurance and annuity products. The announcement
was made today by Christopher M. "Kip" Condron, Chairman and Chief
Executive Officer of AXA Equitable, to whom Mr. Methot reports. In
this key role, Mr. Methot is charged with identifying client
product and service needs, leading competitive analysis, developing
new products and enhancing the features of existing ones, and
coordinating all product operations support. In addition, he plays
a key role in the company's customer retention initiatives. Teaming
with the company's actuarial and finance areas, he is responsible
for assuring appropriate product pricing, asset/liability match,
risk analysis and underwriting approach. He also partners with
leaders of the company's marketing and distribution areas to
provide our distributors with the best products to meet client
needs. Mr. Methot joined AXA Equitable in September 2007 as Senior
Vice President and Chief Product Officer. He came to AXA Equitable
from its parent organization, the global AXA Group, where he most
recently served as a senior vice president in charge of Offer and
Innovation for Life and Property & Casualty in Group Marketing.
"Claude drives AXA Equitable's product development with
extraordinary energy, customer insight, actuarial skill, and the
highest standards of performance," said Mr. Condron. "Since joining
us last year, he has played a pivotal role on the Executive
Management Committee, bringing fresh insight from his experience
introducing innovative product solutions to AXA Group markets
overseas. Under his leadership, AXA Equitable is redefining how
insurance risk management products can meet the evolving financial
protection needs of Americans." Mr. Methot joined AXA Group in 1999
as a corporate actuary. In 2002, he was named Group Chief Actuary
and Director of Product Development for Life Products. Prior to
joining AXA Group, Mr. Methot occupied a variety of managerial
positions in Proxima's Group Life Insurance and Savings, including
Actuarial Services, Major Accounts, Portfolio Management and
Savings Business Team. Mr. Methot began his financial services
career as a benefits consultant for William M. Mercer Limited in
Canada. Mr. Methot received an Actuarial Diploma from Laval
University in Quebec. He is a qualified member of L'Institut des
Actuaires (France) and an associate of the Society of Actuaries.
About AXA Equitable In business since 1859, AXA Equitable Life
Insurance Company is a leading financial protection company and one
of the nation's premier providers of life insurance, annuity, and
investment products and services. AXA Equitable's assets under
management totaled $802.9 billion as of June 30, 2008. The
company's products and services are distributed to individuals and
business owners through its retail distribution channel, AXA
Advisors, LLC; to the financial services market through its
wholesale distribution channel, AXA Distributors, LLC; and to
corporations and their employees through its corporate distribution
channel, Corporate Markets. AXA Equitable is the creator of
MyRetirementShop.com (http://www.myretirementshop.com/), a
lifestyle website that's a one-stop-shop for information and
resources to help consumers redefine life in retirement. It's the
company's latest innovation in our At Retirement(R) platform,
committed to helping individuals near and at retirement make
informed choices to enhance and preserve their lifestyle. AXA
Equitable, a subsidiary of AXA Financial Inc., is part of the
global AXA Group, a worldwide leader in financial protection
strategies and wealth management. AXA Group's operations are
geographically diverse, with major operations in Europe, North
America, and the Asia/Pacific region. AXA Group is listed as the
15th largest company in the world on the 2008 Fortune Global 500
list (based on revenues). It had $1.81 trillion in assets under
management as of June 30, 2008. Listed on the Paris Stock Exchange,
the AXA ordinary share trades under the symbol AXA. The AXA
American Depositary Share is listed on the New York Stock Exchange
under the ticker symbol AXA (NYSE:AXA). For more information, visit
ww.axa-equitable.com DATASOURCE: AXA Equitable CONTACT: Discretion
Winter of AXA Equitable, +1-212-314-2968, Web site:
http://www.axa-equitable.com/ http://www.myretirementshop.com/
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