AXA Asia CEO Laurent Josi steps down

French insurer AXA has announced that its Asia CEO Jean-Louis Laurent Josi has stepped down from his executive responsibilities and is leaving the company by year-end.

Laurent Josi will remain with the Group as senior advisor, reporting to the group CEO Thomas Buberl, to ensure an effective leadership transition in Asia until end of 2017.

His successor will be names before the end of the third quarter, the company said.

Laurent Josi joined the AXA Group in 2006 as a member of the executive committee of AXA Belgium's multi-distribution activity. From 2008 to 2011, he was appointed chief executive officer of AXA Gulf and Middle East. From 2011 to 2015, he was chief executive officer of AXA Japan Life and was appointed member of the AXA executive committee. Since March 2015, Laurent Josi has been the chief executive officer of AXA Asia and joined the AXA Group Management Committee.

"I would like to warmly thank Jean-Louis for his remarkable achievements in his successive roles across the Group," said AXA CEO Thomas Buberl. "He successfully led our operations in the Gulf and in Japan – and many of us remember the personal engagement and courage he showed with our Japanese teams in the aftermath of the 2011 Tohoku earthquake – and was instrumental in defining the 2020 ambition for our Asian businesses. With the other members of the Management Committee, I wish him all the best for his next endeavors.”

Josi added: "In the past 12 years, I have been honored and privileged to work with exceptional men and women. Together, in Belgium, in the Middle-East, in Japan and now in Asia, we have been dedicated to achieving our noble purpose: protect our customers and give them peace of mind. Needless to say that these 12 years, thanks to the AXA teams, our agents, distributors and partners, have been a fantastic chapter in my professional life.

"I am also particularly proud of what the AXA Asia teams have achieved in the past years and I am very confident that they will bring to the Group its next 100 million clients by 2030. Clearly, the decision to leave AXA to pursue new professional projects hasn’t been an easy one but I will leave with pride for everything we have built to ultimately better serve our customers."

Buberl added: "Asia is a key growth area for the Group. With the quality of our teams and the market positions we have built across the region in Life & Savings, Health and Property & Casualty, I am convinced our Asian operations will succeed in their Ambition 2020 objectives."

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