http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013...
AXA is Europe's second largest insurer.Insurance companies have been beaten down along with banks inspite of their low subprime exposure thus presenting attractive valuations.AXA has been on a buying spree taking over insurance companies in Russia,Turkey and Mexico which will benefit the company going forward.
http://www.bnamericas.com/news/insurance/AXA:_Newly_acquired_...
http://www.foxbusiness.com/markets/industries/finance/article...
http://www.marketwatch.com/news/story/axa-enter-russia-paying...
It is also present in India.
http://www.thehindubusinessline.com/2005/08/25/stories/200508...
The stock will be volatile moving with negative news from the financial markets so it is a buy on dips averaging as we go along.