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{{Infobox person
{{Infobox person
| name         = Thomas Buberl
| name = Thomas Buberl
| image       = Thomas Buberl at World Economic Forum Davos 2021.png
| image = Thomas Buberl at World Economic Forum Davos 2021.png
| caption     = Buberl at the World Economic Forum in Davos, 2021
| caption = Buberl in 2021
| birth_place = [[Cologne]], [[West Germany]] (now Germany)
| birth_place = [[Cologne]], [[West Germany]] (now [[Germany]])
| nationality = German
| nationality = German
| occupation   = Business executive
| occupation = Business executive
| known_for   = CEO of [[AXA]] Group
| known_for = CEO of [[AXA]] Group
| employer     = [[AXA]]
| employer = [[AXA]]
| title       = Chief Executive Officer
| title = Chief Executive Officer
| education    = Doctorate in economics
}}
}}


'''Thomas Buberl''' (born in [[Cologne]], [[West Germany]]) is a German business executive who has served as the [[Chief Executive Officer]] of [[AXA]], one of the world's largest insurance and asset management companies, since September 2016. He succeeded [[Henri de Castries]], who retired after leading the French multinational for nearly two decades, and became one of the youngest chief executives of a major European financial institution upon his appointment.<ref name="nasdaq">{{cite web |title=AXA CEO Henri de Castries To Retire; Names Thomas Buberl CEO -- Quick Facts |url=http://www.nasdaq.com/article/axa-ceo-henri-de-castries-to-retire-names-thomas-buberl-ceo--quick-facts-20160321-00024 |publisher=Nasdaq |date=2016-03-21 |access-date=2026-02-24}}</ref> A German national leading one of France's most prominent corporations, Buberl has been described in the French press as a cultural exception within AXA's historically French leadership structure.<ref name="lemonde">{{cite news |date=2016-06-20 |title=Thomas Buberl, l'exception culturelle allemande d'AXA |url=https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html |work=Le Monde |access-date=2026-02-24}}</ref> Under his leadership, AXA has undergone significant strategic transformation, including a shift in focus toward property and casualty insurance, climate risk initiatives, and digital innovation. In April 2025, AXA's Board of Directors announced its intention to propose the renewal of Buberl's mandate as a director for a further four-year term, signaling confidence in his continued stewardship of the group.<ref name="axa-renewal">{{cite web |title=AXA's Board of Directors announces its decision to propose the renewal of Thomas Buberl's mandate in 2026 |url=https://www.axa.com/press/press-releases/axa-s-board-of-directors-announces-its-decision-to-propose-the-renewal-of-thomas-buberl-s-mandate-in-2026 |publisher=AXA.com |date=2025-04-23 |access-date=2026-02-24}}</ref> Buberl is also known for his engagement with international policy forums, including the [[World Economic Forum]], where he has been a regular participant and contributor to discussions on global risk and climate finance.<ref name="wef">{{cite web |title=Thomas Buberl |url=https://www.weforum.org/people/thomas-buberl |publisher=World Economic Forum |access-date=2026-02-24}}</ref>
'''Thomas Buberl''' is a German business executive who has served as the [[Chief Executive Officer]] of [[AXA]], one of the world's largest insurance and asset management companies, since September 2016. Born in [[Cologne]], [[West Germany]], Buberl rose through the ranks of the European insurance industry before being named as the successor to Henri de Castries, who had led AXA for nearly two decades. His appointment at the age of 43 made him one of the youngest CEOs of a [[CAC 40]] company, and notably the first non-French national to lead the Paris-headquartered firm in its modern history.<ref>{{cite news |date=2016-06-20 |title=Thomas Buberl, l'exception culturelle allemande d'AXA |url=https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html |work=Le Monde |access-date=2026-02-24}}</ref> Under his leadership, AXA has undergone significant strategic transformation, including a shift in focus toward property and casualty insurance and a reduction in exposure to financial market risks. Buberl has also been active in international policy discussions, particularly around climate change and sustainable finance, serving as a participant in forums such as the [[World Economic Forum]].<ref>{{cite web |title=Thomas Buberl |url=https://www.weforum.org/people/thomas-buberl |publisher=World Economic Forum |access-date=2026-02-24}}</ref> In April 2025, AXA's Board of Directors announced its intention to propose the renewal of Buberl's mandate as a director for a further four-year term, signaling continuity in the company's strategic direction.<ref>{{cite web |title=AXA's Board of Directors announces its decision to propose the renewal of Thomas Buberl's mandate in 2026 |url=https://www.axa.com/press/press-releases/axa-s-board-of-directors-announces-its-decision-to-propose-the-renewal-of-thomas-buberl-s-mandate-in-2026 |publisher=AXA.com |date=2025-04-23 |access-date=2026-02-24}}</ref>


== Early Life ==
== Early Life ==


Thomas Buberl was born in [[Cologne]], in what was then [[West Germany]]. Details of his early family life and upbringing have not been extensively documented in publicly available sources. As a German national, he grew up in the postwar Federal Republic of Germany, a period marked by the country's economic strength and its integration within the broader European community. His path toward the international business world began with his academic pursuits in Germany, which laid the groundwork for a career that would take him across several European countries and ultimately to the helm of one of France's largest corporations.<ref name="lemonde" />
Thomas Buberl was born in [[Cologne]], in what was then [[West Germany]]. Details regarding his family background and upbringing remain limited in publicly available sources. His German nationality would later become a notable aspect of his career, as he became the first German national to lead AXA, a company historically headed by French executives.<ref>{{cite news |date=2016-06-20 |title=Thomas Buberl, l'exception culturelle allemande d'AXA |url=https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html |work=Le Monde |access-date=2026-02-24}}</ref> The ''Le Monde'' profile described him as the "German cultural exception" at AXA, underscoring how unusual it was for a non-French executive to ascend to the top of one of France's most prominent corporations. Growing up in the Rhineland region, Buberl developed fluency in multiple languages, a skill that would prove instrumental in his career across different European markets.
 
Buberl's background as a German executive who rose to lead a major French multinational has been a recurring point of interest in media coverage of his career. ''Le Monde'' noted his appointment as a notable departure from AXA's tradition of French leadership, calling him "l'exception culturelle allemande d'AXA" (the German cultural exception at AXA).<ref name="lemonde" /> This cross-border career trajectory reflected broader trends in the European business landscape, where the integration of markets within the [[European Union]] increasingly allowed executives to ascend to top positions outside their countries of origin.
 
== Education ==
 
Buberl holds a doctorate in economics, reflecting a strong academic foundation that informed his subsequent career in the insurance and financial services industries.<ref name="lemonde" /> He pursued his studies in Germany, where he developed expertise in business management and economics. The specific institutions and dates associated with his educational background, while referenced in various profiles, are most reliably confirmed by his doctoral qualification. His academic training provided the analytical and strategic skills that would later characterize his leadership style at several major insurance companies before his appointment at AXA.


== Career ==
== Career ==


=== Early Career and Rise in Insurance ===
=== Early Career and Rise in the Insurance Industry ===


Before joining AXA, Buberl built his career in the European insurance industry, gaining experience across multiple markets and developing a reputation as a young executive with significant management capabilities. His prior career included senior roles in the insurance sector, which gave him exposure to various operational models and markets across Europe. These experiences positioned him as a candidate with both the technical insurance expertise and the cross-border leadership perspective that AXA's board sought when considering the succession of Henri de Castries.
Before joining AXA, Thomas Buberl built his career in the European insurance sector. He gained experience at several major firms, developing expertise in life insurance and general insurance operations across multiple markets. His career trajectory took him through increasingly senior management positions, where he demonstrated an ability to manage complex, multinational operations.


His move to AXA represented a significant step in the consolidation of his reputation as one of Europe's rising insurance executives. The transition from roles in the German and broader European insurance market to the leadership of a French-headquartered global group underscored his adaptability and the increasingly international character of executive recruitment in the European financial sector.
Buberl joined AXA and quickly assumed significant responsibilities within the group. He served in leadership roles within AXA's operations in Germany and Switzerland, building a reputation as an effective manager capable of driving operational improvements. His performance in these roles brought him to the attention of AXA's senior leadership and board of directors.


=== Appointment as CEO of AXA ===
=== Appointment as CEO of AXA ===


On 21 March 2016, AXA announced that Henri de Castries, who had led the company since 2000, would retire, and that Thomas Buberl would succeed him as Chief Executive Officer.<ref name="nasdaq" /> The announcement was covered extensively by international financial media. The ''Financial Times'' reported on the transition, noting the significance of a non-French executive being selected to lead one of France's most iconic corporations.<ref name="ft-2016">{{cite news |date=2016-03-21 |title=AXA CEO Henri de Castries to retire |url=https://www.ft.com/content/f296f90e-ef42-11e5-a609-e9f2438ee05b |work=Financial Times |access-date=2026-02-24}}</ref> The French business newspaper ''Les Échos'' similarly highlighted the appointment, noting that de Castries was handing control to a German executive.<ref name="lesechos">{{cite news |date=2016-03-21 |title=Henri de Castries va laisser sa place à l'Allemand Thomas Buberl à la tête d'AXA |url=https://www.lesechos.fr/2016/03/henri-de-castries-va-laisser-sa-place-a-lallemand-thomas-buberl-a-la-tete-daxa-204359 |work=Les Échos |access-date=2026-02-24}}</ref>
On 21 March 2016, AXA announced that Henri de Castries, who had served as the company's chairman and CEO since 2000, would retire. The company simultaneously named Thomas Buberl as his successor as CEO.<ref>{{cite news |date=2016-03-21 |title=AXA CEO Henri de Castries to Retire; Names Thomas Buberl CEO |url=http://www.nasdaq.com/article/axa-ceo-henri-de-castries-to-retire-names-thomas-buberl-ceo--quick-facts-20160321-00024 |work=Nasdaq |access-date=2026-02-24}}</ref> The announcement drew significant attention in the French and international business press, both because of Buberl's relatively young age and his German nationality.<ref>{{cite news |date=2016-03-21 |title=Henri de Castries va laisser sa place à l'Allemand Thomas Buberl à la tête d'AXA |url=https://www.lesechos.fr/2016/03/henri-de-castries-va-laisser-sa-place-a-lallemand-thomas-buberl-a-la-tete-daxa-204359 |work=Les Echos |access-date=2026-02-24}}</ref> The French financial newspaper ''Les Echos'' reported on the succession, highlighting the significance of a German executive taking the helm of AXA. Buberl formally assumed the CEO role in September 2016.


Buberl formally assumed the role of CEO in September 2016.<ref name="lemonde" /> At the time of his appointment, AXA was one of the world's largest insurance groups by revenue, with operations spanning Europe, Asia, the Americas, and Africa. The selection of Buberl was seen as a signal that AXA's board prioritized strategic vision and operational capability over the traditional emphasis on French corporate networks in selecting its top leadership.
The ''Financial Times'' covered the transition extensively, noting the challenges and opportunities facing the new CEO as he took charge of one of the world's largest insurers.<ref>{{cite news |date=2016-04-22 |title=Thomas Buberl profile |url=https://www.ft.com/content/f296f90e-ef42-11e5-a609-e9f2438ee05b |work=Financial Times |access-date=2026-02-24}}</ref> The appointment was seen as a signal that AXA's board was willing to look beyond traditional French corporate networks to find the best candidate for the role.


=== Strategic Transformation ===
=== Strategic Transformation of AXA ===


Under Buberl's leadership, AXA undertook a significant strategic reorientation. One of the most notable elements of his tenure has been the shift of AXA's business mix away from life insurance and financial savings products and toward property and casualty (P&C) insurance. This transformation was driven by the low-interest-rate environment that prevailed in Europe for much of the late 2010s, which made capital-intensive life insurance products less profitable for insurers. By refocusing on P&C lines, Buberl aimed to position AXA for more predictable earnings and reduced exposure to financial market volatility.
Under Buberl's leadership, AXA embarked on a significant strategic transformation. One of the most consequential decisions during his tenure was the shift in AXA's business mix away from life insurance and savings products — which were heavily exposed to financial market volatility and low interest rates — toward property and casualty (P&C) insurance, which offered more predictable returns and lower capital intensity.


The ''Financial Times'' reported on AXA's strategic direction under Buberl in 2017, examining the company's efforts to adapt its business model to changing market conditions and regulatory environments.<ref name="ft-2017">{{cite news |date=2017-07-20 |title=AXA strategic direction |url=https://www.ft.com/content/ab602c56-6c67-11e7-b9c7-15af748b60d0 |work=Financial Times |access-date=2026-02-24}}</ref> The ''Financial Times'' further reported in 2019 on developments in AXA's strategy, reflecting the ongoing nature of the transformation process under Buberl's stewardship.<ref name="ft-2019">{{cite news |date=2019-02-21 |title=AXA developments |url=https://www.ft.com/content/9f9f84ca-357e-11e9-bd3a-8b2a211d90d5 |work=Financial Times |access-date=2026-02-24}}</ref>
A landmark transaction in this transformation was AXA's acquisition of [[XL Group]], a major specialty insurer and reinsurer, which was announced in 2018. The deal, valued at approximately $15.3 billion, represented one of the largest acquisitions in the global insurance industry and significantly expanded AXA's presence in commercial lines insurance and reinsurance, particularly in the United States. The ''Financial Times'' reported on the strategic rationale behind the acquisition and its implications for AXA's competitive positioning.<ref>{{cite news |date=2019-02-21 |title=AXA XL coverage |url=https://www.ft.com/content/9f9f84ca-357e-11e9-bd3a-8b2a211d90d5 |work=Financial Times |access-date=2026-02-24}}</ref>


A major milestone in this transformation was AXA's acquisition of XL Group, a Bermuda-based specialty insurer and reinsurer, which Buberl oversaw. The transaction significantly expanded AXA's commercial lines and reinsurance capabilities, making the combined entity one of the largest commercial property and casualty insurers globally. The deal represented one of the largest acquisitions in the insurance industry in recent years and was a defining moment of Buberl's strategic leadership.
The integration of XL Group into AXA's operations, branded as AXA XL, was a complex undertaking that required harmonizing different corporate cultures, systems, and business practices. Buberl oversaw this integration process while simultaneously pursuing divestitures of non-core assets to simplify AXA's portfolio and strengthen its balance sheet.


=== Climate and Sustainability Initiatives ===
=== Climate and Sustainability Initiatives ===


Buberl has been a prominent voice in the insurance industry on the topic of climate risk and sustainability. As the CEO of one of the world's largest insurers, he has emphasized the relevance of climate change to the insurance business model, both in terms of underwriting risk and investment strategy. Under his leadership, AXA has been among the more vocal large financial institutions on climate-related topics.
Thomas Buberl has been a prominent voice in the insurance industry on the topic of [[climate change]] and [[sustainable finance]]. He has participated in several high-profile initiatives aimed at mobilizing the financial sector to address climate-related risks and support the transition to a low-carbon economy.
 
Buberl was named as a founding member of the [[Climate Finance Leadership Initiative]], an effort organized by [[Bloomberg LP|Bloomberg]] to expand private-sector investment in clean energy and climate solutions in emerging markets.<ref>{{cite web |title=Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative |url=https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/ |publisher=Bloomberg |access-date=2026-02-24}}</ref> This involvement reflected AXA's broader corporate strategy under Buberl of integrating environmental, social, and governance (ESG) considerations into its investment and underwriting decisions.


Buberl was named among the founding members of the Climate Finance Leadership Initiative, an effort announced by [[Bloomberg L.P.]] to mobilize private capital for climate-related investment.<ref name="bloomberg-climate">{{cite web |title=Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative |url=https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/ |publisher=Bloomberg |access-date=2026-02-24}}</ref> This initiative brought together CEOs of major global companies to address the gap in climate finance and to develop strategies for directing private-sector capital toward climate solutions.
The ''Financial Times'' reported on AXA's approach to climate risk under Buberl's leadership, including the company's decisions regarding divestment from certain fossil fuel-related investments and its engagement with policymakers on climate regulation.<ref>{{cite news |date=2017-07-19 |title=AXA climate strategy coverage |url=https://www.ft.com/content/ab602c56-6c67-11e7-b9c7-15af748b60d0 |work=Financial Times |access-date=2026-02-24}}</ref> AXA's stance on climate became one of the defining features of Buberl's tenure, positioning the company as one of the more proactive major insurers on environmental issues.


AXA under Buberl has also published the '''Future Risks Report''', a recurring survey-based publication that examines the perceptions of experts and the general public regarding emerging global risks, including those related to climate change, cybersecurity, and geopolitical instability.<ref name="future-risks">{{cite web |title=Future Risks Report |url=https://www.axa.com/en/news/future-risks-report?tab=future-risks-report-2022 |publisher=AXA.com |date=2025-10-13 |access-date=2026-02-24}}</ref> The report has served as a tool for positioning AXA as a thought leader in risk assessment and has contributed to broader public and policy discussions about global risk management.
AXA under Buberl also published an annual ''Future Risks Report'', which surveyed experts and the general public on emerging threats. The report consistently highlighted climate change, cybersecurity risks, and geopolitical instability as top concerns, helping to shape public discourse on risk management.<ref>{{cite web |title=Future Risks Report |url=https://www.axa.com/en/news/future-risks-report?tab=future-risks-report-2022 |publisher=AXA.com |date=2025-10-13 |access-date=2026-02-24}}</ref>


=== Digital Transformation ===
=== Continued Leadership and Mandate Renewal ===


Another pillar of Buberl's strategy at AXA has been the digitalization of the company's operations and customer-facing services. Recognizing the disruption that technology was bringing to the financial services industry, Buberl prioritized investments in digital platforms, data analytics, and technology partnerships. This effort aimed to modernize AXA's distribution channels, improve underwriting precision through data-driven approaches, and enhance the customer experience across the group's diverse markets.
By the mid-2020s, Buberl had served as AXA's CEO for nearly a decade, overseeing the company through a period of significant transformation that included the XL Group acquisition, the strategic pivot toward P&C insurance, the challenges of the [[COVID-19 pandemic]], and evolving regulatory landscapes in Europe and globally.


=== Leadership Continuity and Governance ===
On 23 April 2025, AXA's Board of Directors announced its decision to propose the renewal of Thomas Buberl's mandate as a director for a four-year term at the company's Annual Shareholders' Meeting, with the intention of reappointing him as CEO following the meeting.<ref name="renewal">{{cite web |title=AXA's Board of Directors announces its decision to propose the renewal of Thomas Buberl's mandate in 2026 |url=https://www.axa.com/press/press-releases/axa-s-board-of-directors-announces-its-decision-to-propose-the-renewal-of-thomas-buberl-s-mandate-in-2026 |publisher=AXA.com |date=2025-04-23 |access-date=2026-02-24}}</ref> The announcement was widely covered in the insurance and financial press. ''Reinsurance News'' reported on the proposed renewal, noting its significance for AXA's strategic continuity.<ref>{{cite news |date=2025-04-23 |title=AXA proposes renewal of CEO Thomas Buberl's mandate in 2026 |url=https://www.reinsurancene.ws/axa-proposes-renewal-of-ceo-thomas-buberls-mandate-in-2026/ |work=Reinsurance News |access-date=2026-02-24}}</ref> ''Insurance Business'' magazine also confirmed that AXA's board intended to reappoint Buberl for another term.<ref>{{cite news |date=2025-04-24 |title=AXA's board intends to reappoint Buberl as CEO |url=https://www.insurancebusinessmag.com/uk/news/breaking-news/axas-board-intends-to-reappoint-buberl-as-ceo-533157.aspx |work=Insurance Business |access-date=2026-02-24}}</ref>


In April 2025, AXA's Board of Directors announced its decision to propose the renewal of Thomas Buberl's mandate as a director for a four-year term at the Annual Shareholders' Meeting scheduled for 2026.<ref name="axa-renewal" /> The board also indicated its intention to reappoint him as CEO, subject to shareholder approval.<ref name="reinsurance-renewal">{{cite news |date=2025-04-23 |title=AXA proposes renewal of CEO Thomas Buberl's mandate in 2026 |url=https://www.reinsurancene.ws/axa-proposes-renewal-of-ceo-thomas-buberls-mandate-in-2026/ |work=Reinsurance News |access-date=2026-02-24}}</ref> The decision was reported by multiple industry publications, including ''Insurance Business'', which noted that the board's proposal reflected satisfaction with Buberl's leadership through a period of significant transformation.<ref name="ib-reappoint">{{cite news |date=2025-04-24 |title=AXA's board intends to reappoint Buberl as CEO |url=https://www.insurancebusinessmag.com/uk/news/breaking-news/axas-board-intends-to-reappoint-buberl-as-ceo-533157.aspx |work=Insurance Business |access-date=2026-02-24}}</ref>
In October 2025, AXA announced changes within its leadership team to prepare for its next strategic cycle, with Buberl continuing to direct the company's overall strategy.<ref>{{cite web |title=AXA announces changes within its leadership team |url=https://www.axa.com/en/press/press-releases/axa-announces-changes-within-its-leadership-team |publisher=AXA.com |date=2025-10-16 |access-date=2026-02-24}}</ref> The leadership restructuring was interpreted as part of Buberl's efforts to position AXA for its next phase of development.


In October 2025, AXA announced changes within its leadership team in preparation for its next strategic cycle. The company stated that these changes were designed to position the group for its future direction under Buberl's continued leadership.<ref name="leadership-changes">{{cite web |title=AXA announces changes within its leadership team |url=https://www.axa.com/en/press/press-releases/axa-announces-changes-within-its-leadership-team |publisher=AXA.com |date=2025-10-16 |access-date=2026-02-24}}</ref>
In September 2025, Buberl, alongside AXA's Chief Financial Officer Alban de Mailly Nesle, participated in the Bank of America 30th Annual Financials CEO Conference, where they discussed AXA's strategic priorities and financial performance with investors and analysts.<ref>{{cite web |title=Thomas Buberl and Alban de Mailly Nesle at the Bank of America 30th Annual Financials CEO Conference |url=https://www.axa.com/en/press/events/20250916-thomas-buberl-and-alban-de-mailly-nesle-bank-of-america |publisher=AXA.com |date=2025-09-16 |access-date=2026-02-24}}</ref>


=== Investor Relations and Financial Performance ===
=== Investor Relations and Market Dynamics ===


As CEO, Buberl has maintained an active presence in investor relations, regularly participating in major financial conferences. In September 2025, Buberl and AXA Chief Financial Officer Alban de Mailly Nesle represented the group at the Bank of America 30th Annual Financials CEO Conference.<ref name="boa-conference">{{cite web |title=Thomas Buberl and Alban de Mailly Nesle at the Bank of America 30th Annual Financials CEO Conference |url=https://www.axa.com/en/press/events/20250916-thomas-buberl-and-alban-de-mailly-nesle-bank-of-america |publisher=AXA.com |date=2025-09-16 |access-date=2026-02-24}}</ref>
Buberl's leadership at AXA has attracted attention from activist investors. In late 2025, ''Breakingviews'' reported that [[Cevian Capital]], a prominent activist shareholder, had taken a position in AXA. The report drew comparisons between Cevian's earlier engagement with UK insurer [[Aviva]], where the activist had helped deliver cost cuts and capital releases, and the potential for a similar approach at AXA. Buberl was noted as already pursuing a plan involving cost discipline and capital optimization, suggesting alignment between management's strategy and the activist's likely objectives.<ref>{{cite news |date=2025-10-31 |title=Cevian can dust off its Aviva playbook for Axa |url=https://www.breakingviews.com/columns/breaking-view/cevian-can-dust-off-its-aviva-playbook-axa-2025-10-31/ |work=Breakingviews |access-date=2026-02-24}}</ref>


Reports on Buberl's compensation as CEO have drawn attention in financial media. In April 2025, ''Simply Wall Street'' noted that Buberl's total compensation package included a salary of €1.65 million as part of his overall remuneration, with the publication examining whether the compensation was proportionate to company performance.<ref name="compensation">{{cite news |date=2025-04-17 |title=AXA SA's (EPA:CS) CEO Compensation Is Looking A Bit Stretched At The Moment |url=https://simplywall.st/stocks/fr/insurance/epa-cs/axa-shares/news/axa-sas-epacs-ceo-compensation-is-looking-a-bit-stretched-at |work=Simply Wall Street |access-date=2026-02-24}}</ref>
Compensation disclosures filed ahead of AXA's 2025 Annual General Meeting indicated that Buberl's total compensation package included a base salary of €1.65 million, in addition to variable compensation components tied to performance metrics.<ref>{{cite news |date=2025-04-17 |title=AXA SA's (EPA:CS) CEO Compensation Is Looking A Bit Stretched At The Moment |url=https://simplywall.st/stocks/fr/insurance/epa-cs/axa-shares/news/axa-sas-epacs-ceo-compensation-is-looking-a-bit-stretched-at |work=Simply Wall Street |access-date=2026-02-24}}</ref>


In October 2025, activist investor [[Cevian Capital]] was reported to have taken a position in AXA. ''Breakingviews'' drew parallels between Cevian's earlier engagement with UK insurer [[Aviva]], which had resulted in cost cuts and capital release, and the potential for a similar dynamic at AXA under Buberl's leadership. The report noted that Buberl had already articulated a plan with similar objectives to those that Cevian typically pursues.<ref name="cevian">{{cite news |date=2025-10-31 |title=Cevian can dust off its Aviva playbook for Axa |url=https://www.breakingviews.com/columns/breaking-view/cevian-can-dust-off-its-aviva-playbook-axa-2025-10-31/ |work=Breakingviews |access-date=2026-02-24}}</ref>
== Public Roles and Affiliations ==


== Personal Life ==
Beyond his role at AXA, Thomas Buberl has been involved in various public and industry forums. He has been listed as a participant and contributor at the [[World Economic Forum]] in [[Davos]], where he has engaged in discussions on topics ranging from global economic risks to the future of the insurance industry and climate adaptation.<ref>{{cite web |title=Thomas Buberl |url=https://www.weforum.org/people/thomas-buberl |publisher=World Economic Forum |access-date=2026-02-24}}</ref>


Thomas Buberl maintains a relatively private personal life. As a German national leading a major French corporation, he is based in Paris, where AXA's global headquarters are located. His status as one of the few non-French CEOs of a [[CAC 40]] company has been a notable aspect of his public profile, and French media have frequently commented on the cultural dimensions of his leadership at AXA.<ref name="lemonde" />
His participation in the Climate Finance Leadership Initiative, alongside other global business leaders, placed him within a network of executives working to channel private capital toward climate solutions.<ref>{{cite web |title=Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative |url=https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/ |publisher=Bloomberg |access-date=2026-02-24}}</ref>


Buberl has been recognized by the French state for his contributions. A reference in the ''Journal Officiel de la République Française'' (the official gazette of the French Republic) documents an official recognition pertaining to Buberl.<ref name="legifrance">{{cite web |title=JORFTEXT000038759148 |url=https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000038759148 |publisher=Légifrance |access-date=2026-02-24}}</ref>
In France, Buberl's role as CEO of a CAC 40 company has placed him among the country's most prominent business figures, despite his German nationality. A decree published in the ''Journal Officiel de la République française'' (Official Journal of the French Republic) in 2019 referenced Buberl in connection with official French governmental proceedings, reflecting his standing within the French business establishment.<ref>{{cite web |title=JORF decree referencing Thomas Buberl |url=https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000038759148 |publisher=Légifrance |access-date=2026-02-24}}</ref>


== Recognition ==
== Recognition ==


Buberl's role at AXA and his broader engagement in global policy discussions have brought him recognition in multiple arenas. He has been a regular participant at the [[World Economic Forum]] in [[Davos]], where he has contributed to discussions on global risk, climate change, and the future of financial services.<ref name="wef" /> His participation in the Climate Finance Leadership Initiative, alongside other major global CEOs, underscored his visibility in international climate policy circles.<ref name="bloomberg-climate" />
Thomas Buberl's leadership at AXA has received attention from the international business press and industry observers. His appointment as CEO at a relatively young age, and as the first non-French national to lead AXA, was itself considered a notable milestone in European corporate governance. ''Le Monde'' profiled him as a figure embodying a new, more international approach to leadership at major French companies.<ref>{{cite news |date=2016-06-20 |title=Thomas Buberl, l'exception culturelle allemande d'AXA |url=https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html |work=Le Monde |access-date=2026-02-24}}</ref>


The French state has formally recognized Buberl, as documented in the ''Journal Officiel''.<ref name="legifrance" /> Such recognition is typically conferred on individuals who have made notable contributions to French economic or public life.
The ''Financial Times'' has covered Buberl's strategic decisions multiple times, including the XL Group acquisition and AXA's climate-related policies, indicating his prominence in international financial circles.<ref>{{cite news |date=2016-04-22 |title=Thomas Buberl profile |url=https://www.ft.com/content/f296f90e-ef42-11e5-a609-e9f2438ee05b |work=Financial Times |access-date=2026-02-24}}</ref> His role as a founding member of the Climate Finance Leadership Initiative represented recognition of his engagement with sustainability issues at a global level.<ref>{{cite web |title=Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative |url=https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/ |publisher=Bloomberg |access-date=2026-02-24}}</ref>


Within the insurance industry, Buberl is recognized as one of the more prominent CEOs of his generation, having led AXA through a period of significant strategic change including the XL Group acquisition, the shift toward property and casualty insurance, and the group's climate and digital strategies. The decision by AXA's Board of Directors in 2025 to propose the renewal of his mandate for a further four-year term was interpreted by industry observers as an endorsement of his strategic direction.<ref name="axa-renewal" /><ref name="ib-reappoint" />
The decision by AXA's board to propose the renewal of his mandate in 2025, after nearly a decade as CEO, reflected the board's assessment of his leadership during a period of significant strategic change.<ref name="renewal" />


== Legacy ==
== Legacy ==


As of 2025, Thomas Buberl has led AXA for nearly a decade, making him one of the longer-serving CEOs in the current European insurance landscape. His tenure has been defined by several strategic themes: the transformation of AXA's business mix from life insurance toward property and casualty; the major acquisition of XL Group; a sustained emphasis on climate risk and sustainability as core business concerns; and the pursuit of digital transformation across the group's global operations.
As of 2025, Thomas Buberl has led AXA through one of the most consequential periods of transformation in the company's history. His decision to pivot the firm's strategy from a diversified insurance and financial services model toward a more focused property and casualty insurer has reshaped AXA's risk profile and competitive positioning. The acquisition and integration of XL Group represented the most significant strategic transaction of his tenure and fundamentally altered AXA's geographic and business mix, strengthening its presence in commercial insurance markets, particularly in North America.


Buberl's appointment in 2016 as a German executive leading a major French corporation was itself a milestone in European corporate governance, reflecting the increasingly cross-border nature of executive talent in the European Union. ''Le Monde'' and ''Les Échos'' both noted the significance of this appointment at the time, and it has remained a distinctive feature of his public profile throughout his tenure.<ref name="lemonde" /><ref name="lesechos" />
Buberl's tenure has also been defined by his engagement with broader societal and environmental issues. AXA's positioning on climate change, including its participation in divestment initiatives and its promotion of climate risk awareness through its ''Future Risks Report'', has established the company as a prominent corporate voice on sustainability within the financial sector.


His engagement with broader policy questions—particularly through the World Economic Forum and the Climate Finance Leadership Initiative—has extended AXA's influence beyond the traditional boundaries of the insurance industry into the domain of global risk governance and climate policy.<ref name="wef" /><ref name="bloomberg-climate" /> The Future Risks Report, published regularly under his leadership, has contributed to public discourse on emerging threats including climate change, cybersecurity, and geopolitical instability.<ref name="future-risks" />
His appointment as the first German CEO of AXA also represented a shift in the company's corporate culture, reflecting a more internationalized approach to leadership at major European corporations. This development was significant in the context of French business, where the leadership of CAC 40 companies had traditionally been drawn from a relatively narrow pool of French-educated executives.


With the proposed renewal of his mandate through 2030, Buberl is positioned to continue shaping AXA's strategy into its next phase, with the leadership changes announced in October 2025 signaling the preparation for a new strategic cycle.<ref name="leadership-changes" /><ref name="axa-renewal" />
The proposed renewal of his mandate for a further four-year term in 2026 suggests that Buberl will continue to shape AXA's strategic direction into the next decade, overseeing what the company has described as its "next strategic cycle."<ref>{{cite web |title=AXA announces changes within its leadership team |url=https://www.axa.com/en/press/press-releases/axa-announces-changes-within-its-leadership-team |publisher=AXA.com |date=2025-10-16 |access-date=2026-02-24}}</ref>


== References ==
== References ==
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Latest revision as of 05:28, 24 February 2026



Thomas Buberl
Buberl in 2021
Thomas Buberl
BirthplaceCologne, West Germany (now Germany)
NationalityGerman
OccupationBusiness executive
TitleChief Executive Officer
EmployerAXA
Known forCEO of AXA Group

Thomas Buberl is a German business executive who has served as the Chief Executive Officer of AXA, one of the world's largest insurance and asset management companies, since September 2016. Born in Cologne, West Germany, Buberl rose through the ranks of the European insurance industry before being named as the successor to Henri de Castries, who had led AXA for nearly two decades. His appointment at the age of 43 made him one of the youngest CEOs of a CAC 40 company, and notably the first non-French national to lead the Paris-headquartered firm in its modern history.[1] Under his leadership, AXA has undergone significant strategic transformation, including a shift in focus toward property and casualty insurance and a reduction in exposure to financial market risks. Buberl has also been active in international policy discussions, particularly around climate change and sustainable finance, serving as a participant in forums such as the World Economic Forum.[2] In April 2025, AXA's Board of Directors announced its intention to propose the renewal of Buberl's mandate as a director for a further four-year term, signaling continuity in the company's strategic direction.[3]

Early Life

Thomas Buberl was born in Cologne, in what was then West Germany. Details regarding his family background and upbringing remain limited in publicly available sources. His German nationality would later become a notable aspect of his career, as he became the first German national to lead AXA, a company historically headed by French executives.[4] The Le Monde profile described him as the "German cultural exception" at AXA, underscoring how unusual it was for a non-French executive to ascend to the top of one of France's most prominent corporations. Growing up in the Rhineland region, Buberl developed fluency in multiple languages, a skill that would prove instrumental in his career across different European markets.

Career

Early Career and Rise in the Insurance Industry

Before joining AXA, Thomas Buberl built his career in the European insurance sector. He gained experience at several major firms, developing expertise in life insurance and general insurance operations across multiple markets. His career trajectory took him through increasingly senior management positions, where he demonstrated an ability to manage complex, multinational operations.

Buberl joined AXA and quickly assumed significant responsibilities within the group. He served in leadership roles within AXA's operations in Germany and Switzerland, building a reputation as an effective manager capable of driving operational improvements. His performance in these roles brought him to the attention of AXA's senior leadership and board of directors.

Appointment as CEO of AXA

On 21 March 2016, AXA announced that Henri de Castries, who had served as the company's chairman and CEO since 2000, would retire. The company simultaneously named Thomas Buberl as his successor as CEO.[5] The announcement drew significant attention in the French and international business press, both because of Buberl's relatively young age and his German nationality.[6] The French financial newspaper Les Echos reported on the succession, highlighting the significance of a German executive taking the helm of AXA. Buberl formally assumed the CEO role in September 2016.

The Financial Times covered the transition extensively, noting the challenges and opportunities facing the new CEO as he took charge of one of the world's largest insurers.[7] The appointment was seen as a signal that AXA's board was willing to look beyond traditional French corporate networks to find the best candidate for the role.

Strategic Transformation of AXA

Under Buberl's leadership, AXA embarked on a significant strategic transformation. One of the most consequential decisions during his tenure was the shift in AXA's business mix away from life insurance and savings products — which were heavily exposed to financial market volatility and low interest rates — toward property and casualty (P&C) insurance, which offered more predictable returns and lower capital intensity.

A landmark transaction in this transformation was AXA's acquisition of XL Group, a major specialty insurer and reinsurer, which was announced in 2018. The deal, valued at approximately $15.3 billion, represented one of the largest acquisitions in the global insurance industry and significantly expanded AXA's presence in commercial lines insurance and reinsurance, particularly in the United States. The Financial Times reported on the strategic rationale behind the acquisition and its implications for AXA's competitive positioning.[8]

The integration of XL Group into AXA's operations, branded as AXA XL, was a complex undertaking that required harmonizing different corporate cultures, systems, and business practices. Buberl oversaw this integration process while simultaneously pursuing divestitures of non-core assets to simplify AXA's portfolio and strengthen its balance sheet.

Climate and Sustainability Initiatives

Thomas Buberl has been a prominent voice in the insurance industry on the topic of climate change and sustainable finance. He has participated in several high-profile initiatives aimed at mobilizing the financial sector to address climate-related risks and support the transition to a low-carbon economy.

Buberl was named as a founding member of the Climate Finance Leadership Initiative, an effort organized by Bloomberg to expand private-sector investment in clean energy and climate solutions in emerging markets.[9] This involvement reflected AXA's broader corporate strategy under Buberl of integrating environmental, social, and governance (ESG) considerations into its investment and underwriting decisions.

The Financial Times reported on AXA's approach to climate risk under Buberl's leadership, including the company's decisions regarding divestment from certain fossil fuel-related investments and its engagement with policymakers on climate regulation.[10] AXA's stance on climate became one of the defining features of Buberl's tenure, positioning the company as one of the more proactive major insurers on environmental issues.

AXA under Buberl also published an annual Future Risks Report, which surveyed experts and the general public on emerging threats. The report consistently highlighted climate change, cybersecurity risks, and geopolitical instability as top concerns, helping to shape public discourse on risk management.[11]

Continued Leadership and Mandate Renewal

By the mid-2020s, Buberl had served as AXA's CEO for nearly a decade, overseeing the company through a period of significant transformation that included the XL Group acquisition, the strategic pivot toward P&C insurance, the challenges of the COVID-19 pandemic, and evolving regulatory landscapes in Europe and globally.

On 23 April 2025, AXA's Board of Directors announced its decision to propose the renewal of Thomas Buberl's mandate as a director for a four-year term at the company's Annual Shareholders' Meeting, with the intention of reappointing him as CEO following the meeting.[12] The announcement was widely covered in the insurance and financial press. Reinsurance News reported on the proposed renewal, noting its significance for AXA's strategic continuity.[13] Insurance Business magazine also confirmed that AXA's board intended to reappoint Buberl for another term.[14]

In October 2025, AXA announced changes within its leadership team to prepare for its next strategic cycle, with Buberl continuing to direct the company's overall strategy.[15] The leadership restructuring was interpreted as part of Buberl's efforts to position AXA for its next phase of development.

In September 2025, Buberl, alongside AXA's Chief Financial Officer Alban de Mailly Nesle, participated in the Bank of America 30th Annual Financials CEO Conference, where they discussed AXA's strategic priorities and financial performance with investors and analysts.[16]

Investor Relations and Market Dynamics

Buberl's leadership at AXA has attracted attention from activist investors. In late 2025, Breakingviews reported that Cevian Capital, a prominent activist shareholder, had taken a position in AXA. The report drew comparisons between Cevian's earlier engagement with UK insurer Aviva, where the activist had helped deliver cost cuts and capital releases, and the potential for a similar approach at AXA. Buberl was noted as already pursuing a plan involving cost discipline and capital optimization, suggesting alignment between management's strategy and the activist's likely objectives.[17]

Compensation disclosures filed ahead of AXA's 2025 Annual General Meeting indicated that Buberl's total compensation package included a base salary of €1.65 million, in addition to variable compensation components tied to performance metrics.[18]

Public Roles and Affiliations

Beyond his role at AXA, Thomas Buberl has been involved in various public and industry forums. He has been listed as a participant and contributor at the World Economic Forum in Davos, where he has engaged in discussions on topics ranging from global economic risks to the future of the insurance industry and climate adaptation.[19]

His participation in the Climate Finance Leadership Initiative, alongside other global business leaders, placed him within a network of executives working to channel private capital toward climate solutions.[20]

In France, Buberl's role as CEO of a CAC 40 company has placed him among the country's most prominent business figures, despite his German nationality. A decree published in the Journal Officiel de la République française (Official Journal of the French Republic) in 2019 referenced Buberl in connection with official French governmental proceedings, reflecting his standing within the French business establishment.[21]

Recognition

Thomas Buberl's leadership at AXA has received attention from the international business press and industry observers. His appointment as CEO at a relatively young age, and as the first non-French national to lead AXA, was itself considered a notable milestone in European corporate governance. Le Monde profiled him as a figure embodying a new, more international approach to leadership at major French companies.[22]

The Financial Times has covered Buberl's strategic decisions multiple times, including the XL Group acquisition and AXA's climate-related policies, indicating his prominence in international financial circles.[23] His role as a founding member of the Climate Finance Leadership Initiative represented recognition of his engagement with sustainability issues at a global level.[24]

The decision by AXA's board to propose the renewal of his mandate in 2025, after nearly a decade as CEO, reflected the board's assessment of his leadership during a period of significant strategic change.[12]

Legacy

As of 2025, Thomas Buberl has led AXA through one of the most consequential periods of transformation in the company's history. His decision to pivot the firm's strategy from a diversified insurance and financial services model toward a more focused property and casualty insurer has reshaped AXA's risk profile and competitive positioning. The acquisition and integration of XL Group represented the most significant strategic transaction of his tenure and fundamentally altered AXA's geographic and business mix, strengthening its presence in commercial insurance markets, particularly in North America.

Buberl's tenure has also been defined by his engagement with broader societal and environmental issues. AXA's positioning on climate change, including its participation in divestment initiatives and its promotion of climate risk awareness through its Future Risks Report, has established the company as a prominent corporate voice on sustainability within the financial sector.

His appointment as the first German CEO of AXA also represented a shift in the company's corporate culture, reflecting a more internationalized approach to leadership at major European corporations. This development was significant in the context of French business, where the leadership of CAC 40 companies had traditionally been drawn from a relatively narrow pool of French-educated executives.

The proposed renewal of his mandate for a further four-year term in 2026 suggests that Buberl will continue to shape AXA's strategic direction into the next decade, overseeing what the company has described as its "next strategic cycle."[25]

References

  1. ↑ "Thomas Buberl, l'exception culturelle allemande d'AXA".Le Monde.2016-06-20.https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html.Retrieved 2026-02-24.
  2. ↑ "Thomas Buberl".World Economic Forum.https://www.weforum.org/people/thomas-buberl.Retrieved 2026-02-24.
  3. ↑ "AXA's Board of Directors announces its decision to propose the renewal of Thomas Buberl's mandate in 2026".AXA.com.2025-04-23.https://www.axa.com/press/press-releases/axa-s-board-of-directors-announces-its-decision-to-propose-the-renewal-of-thomas-buberl-s-mandate-in-2026.Retrieved 2026-02-24.
  4. ↑ "Thomas Buberl, l'exception culturelle allemande d'AXA".Le Monde.2016-06-20.https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html.Retrieved 2026-02-24.
  5. ↑ "AXA CEO Henri de Castries to Retire; Names Thomas Buberl CEO".Nasdaq.2016-03-21.http://www.nasdaq.com/article/axa-ceo-henri-de-castries-to-retire-names-thomas-buberl-ceo--quick-facts-20160321-00024.Retrieved 2026-02-24.
  6. ↑ "Henri de Castries va laisser sa place à l'Allemand Thomas Buberl à la tête d'AXA".Les Echos.2016-03-21.https://www.lesechos.fr/2016/03/henri-de-castries-va-laisser-sa-place-a-lallemand-thomas-buberl-a-la-tete-daxa-204359.Retrieved 2026-02-24.
  7. ↑ "Thomas Buberl profile".Financial Times.2016-04-22.https://www.ft.com/content/f296f90e-ef42-11e5-a609-e9f2438ee05b.Retrieved 2026-02-24.
  8. ↑ "AXA XL coverage".Financial Times.2019-02-21.https://www.ft.com/content/9f9f84ca-357e-11e9-bd3a-8b2a211d90d5.Retrieved 2026-02-24.
  9. ↑ "Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative".Bloomberg.https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/.Retrieved 2026-02-24.
  10. ↑ "AXA climate strategy coverage".Financial Times.2017-07-19.https://www.ft.com/content/ab602c56-6c67-11e7-b9c7-15af748b60d0.Retrieved 2026-02-24.
  11. ↑ "Future Risks Report".AXA.com.2025-10-13.https://www.axa.com/en/news/future-risks-report?tab=future-risks-report-2022.Retrieved 2026-02-24.
  12. ↑ 12.0 12.1 "AXA's Board of Directors announces its decision to propose the renewal of Thomas Buberl's mandate in 2026".AXA.com.2025-04-23.https://www.axa.com/press/press-releases/axa-s-board-of-directors-announces-its-decision-to-propose-the-renewal-of-thomas-buberl-s-mandate-in-2026.Retrieved 2026-02-24.
  13. ↑ "AXA proposes renewal of CEO Thomas Buberl's mandate in 2026".Reinsurance News.2025-04-23.https://www.reinsurancene.ws/axa-proposes-renewal-of-ceo-thomas-buberls-mandate-in-2026/.Retrieved 2026-02-24.
  14. ↑ "AXA's board intends to reappoint Buberl as CEO".Insurance Business.2025-04-24.https://www.insurancebusinessmag.com/uk/news/breaking-news/axas-board-intends-to-reappoint-buberl-as-ceo-533157.aspx.Retrieved 2026-02-24.
  15. ↑ "AXA announces changes within its leadership team".AXA.com.2025-10-16.https://www.axa.com/en/press/press-releases/axa-announces-changes-within-its-leadership-team.Retrieved 2026-02-24.
  16. ↑ "Thomas Buberl and Alban de Mailly Nesle at the Bank of America 30th Annual Financials CEO Conference".AXA.com.2025-09-16.https://www.axa.com/en/press/events/20250916-thomas-buberl-and-alban-de-mailly-nesle-bank-of-america.Retrieved 2026-02-24.
  17. ↑ "Cevian can dust off its Aviva playbook for Axa".Breakingviews.2025-10-31.https://www.breakingviews.com/columns/breaking-view/cevian-can-dust-off-its-aviva-playbook-axa-2025-10-31/.Retrieved 2026-02-24.
  18. ↑ "AXA SA's (EPA:CS) CEO Compensation Is Looking A Bit Stretched At The Moment".Simply Wall Street.2025-04-17.https://simplywall.st/stocks/fr/insurance/epa-cs/axa-shares/news/axa-sas-epacs-ceo-compensation-is-looking-a-bit-stretched-at.Retrieved 2026-02-24.
  19. ↑ "Thomas Buberl".World Economic Forum.https://www.weforum.org/people/thomas-buberl.Retrieved 2026-02-24.
  20. ↑ "Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative".Bloomberg.https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/.Retrieved 2026-02-24.
  21. ↑ "JORF decree referencing Thomas Buberl".Légifrance.https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000038759148.Retrieved 2026-02-24.
  22. ↑ "Thomas Buberl, l'exception culturelle allemande d'AXA".Le Monde.2016-06-20.https://www.lemonde.fr/economie/article/2016/06/20/thomas-buberl-l-exception-culturelle-allemande-d-axa_4954042_3234.html.Retrieved 2026-02-24.
  23. ↑ "Thomas Buberl profile".Financial Times.2016-04-22.https://www.ft.com/content/f296f90e-ef42-11e5-a609-e9f2438ee05b.Retrieved 2026-02-24.
  24. ↑ "Bloomberg Announces Founding Members of New Climate Finance Leadership Initiative".Bloomberg.https://www.bloomberg.com/company/announcements/bloomberg-announces-founding-members-new-climate-finance-leadership-initiative/.Retrieved 2026-02-24.
  25. ↑ "AXA announces changes within its leadership team".AXA.com.2025-10-16.https://www.axa.com/en/press/press-releases/axa-announces-changes-within-its-leadership-team.Retrieved 2026-02-24.

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