6/14/2010

French insurer AXA looks for growth in Turkey

 

Milliyet - French insurance company AXA has set its sights on the inorganic growth in Turkey, gearing up for an acquisition, according to the company’s Chairman and CEO Henri de Castries.

 

Singling Turkey out as the preferred address for their investments, de Castries said AXA will continue to grow in the country by both organic and inorganic means.

 

“Turkey is a major country for our investments, where we expect strong economic growth. As Turkey’s insurance market expands, AXA is improving its products and services accordingly. Having experienced the rapid growth in the country last year, we shall focus on organic growth and acquisitions. As one can observe from our operations in Turkey in the last 15 years, Turkey has the edge for AXA’s investments”, said de Castries.

Turkey; investment; insurance sector; financial services sector; organic growth; inorganic growth; acquisition; AXA; Hendi de Castries; insurance company

ENGLISH