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Press Release

For Immediate Release - 09/20/2007

Media Contact(s):
NEW YORK
Discretion Winter
212-314-2968
discretion.winter@axa-equitable.com

Lisa Tibbitts
212-314-2811
lisa.tibbitts@axa-equitable.com



 

CLAUDE METHOT JOINS AXA EQUITABLE TO LEAD LIFE AND ANNUITY PRODUCT DEVELOPMENT

New York, NY - September 20, 2007 - Claude Methot has joined AXA Equitable Life Insurance Company as Senior Vice President and Chief Product Officer. He reports directly to Christopher "Kip" Condron, Chairman and Chief Executive Officer of AXA Equitable, who made today's announcement.

In this key role, Mr. Methot will have responsibility for all of AXA Equitable's life insurance and annuity product design.  He will team with the company's actuarial and finance areas to assure appropriate product pricing, asset/liability match, risk analysis and underwriting approach. He will also partner with the company's marketing and distribution areas to provide our distributors with the best products to meet client needs.

Mr. Methot comes to AXA Equitable from its parent organization, the global AXA Group. Most recently, he served as a Senior Vice President in charge of Offer and Innovation for Life and Property & Casualty in Group Marketing, working closely with Mr Condron.

"We are delighted that Claude is joining us," said Mr. Condron. "He has a proven record of applying keen customer insight, pricing acumen and actuarial skill to develop truly differentiating products. When we initiated the exportation of AXA Equitable's highly succesful Accumulator® variable annuity to AXA Group's retirement markets overseas, Claude was pivotal in adapting its features and pricing to local conditions."

Accumulator® is AXA Group's first global product offering. Originally designed by AXA Equitable for the U.S. retirement market, versions of Accumulator ® have been launched throughout Europe and Asia.

"As we position AXA Equitable for continued and significant growth," said Mr. Condron, "We look to Claude to drive our development of extraordinary financial products for the unique and evolving needs of Americans, while keeping an eye toward export opportunities."

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 Proximas'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 de Actuaires (France) and an associate of the Society of Actuaries.

 

About AXA Equitable

AXA Equitable Life Insurance Company has been in business since 1859 and is a leading nationwide issuer of life insurance and annuity products. The company has over 11,000 employees and sales personnel and approximately 4.8 million policy/contract holders nationwide as of December 31, 2006.

AXA Equitable Life Insurance Company, New York, N.Y., is one of the premier U.S. organizations providing life insurance and annuity products and services for the financial services market. Variable products are co-distributed by affiliates AXA Advisors, LLC, and AXA Distributors, LLC.

AXA Equitable's parent company, AXA Financial, Inc., is a member of the global AXA Group, a worldwide leader in financial protection and wealth management. AXA Group's operations are diverse geographically, with major operations in Western Europe, North America, and the Asia/Pacific region. The AXA ordinary share is listed on the Paris Stock Exchange and trades under the symbol AXA. The AXA American Depositary Share is also listed on the NYSE under the ticker symbol AXA. AXA Equitable is solely responsible for its life insurance and annuity obligations.

AXA Equitable is a sponsor of the Variable Annuities Knowledge Center (www.variableannuityfacts.org), an online resource aimed at helping consumers understand the facts surrounding variable annuities. The Variable Annuities Knowledge Center is operated by a standalone non-profit organization and is overseen by an independent advisory board.

We invite you to visit us at www.axa-equitable.com

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