She is to replace Jacques Maire, who will return to Paris after running AXA’s operations in Hungary for three years.

With more than 20 years’ experience in finance, Ciurel joined the AXA Group in September 2010 as CEO of AXA Life Insurance Romania.

The AXA group is the largest insurer in Europe, founded in 1816 as Mutuelle de L’assurance contre L’incendie (Ancienne Mutuelle).

The Romanian subsidiary was set up in December 1997 as Omniasig Asigurari de Viata. The group took over the Romanian insurer in early 2010, after reaching an agreement with Vienna Insurance Group (VIG).

On the Hungarian market, AXA’s operations include AXA Insurance Zrt, AXA Bank Europe SA Hungary Branch, AXA Voluntary&Private Pension Fund, AXA Voluntary Health Fund, AXA Hungary Investment Fund Management, AXA Personal Finance Consulting and AXA Services.

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