About Axxium insurance
Axxium insurance is a company based in Montreal (Canada) founded in 2009 was acquired by Storm Insurance Group in November 2019.. Axxium insurance offers products and services including Auto Insurance, Home Insurance, Commercial Insurance, RRSP Investments, and TFSA Investments. Axxium insurance operates in a competitive market with competitors including Sun Life Financial, The Co-operators, Blue KC, Canada Life and Prudential, among others.
- Headquarter Montreal, Canada
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Globalex Assurances
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Storm Insurance Group
(Nov 14, 2019)
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Products & Services of Axxium insurance
Axxium insurance offers a comprehensive portfolio of products and services, including Auto Insurance, Home Insurance, Commercial Insurance, RRSP Investments, and TFSA Investments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for automobiles and related risks.
Offers protection for residential properties and contents.
Delivers business risk coverage for various enterprises.
Facilitates retirement savings through registered plans.
Enables tax-free savings for personal financial growth.
Funding Insights of Axxium insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Axxium insurance
Axxium insurance has secured backing from 1 investor. Prominent investors backing the company include Storm Insurance Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified insurance brokerage services are provided across various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axxium insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Axxium insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axxium Insurance Comparisons
Competitors of Axxium insurance
Axxium insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sun Life Financial, The Co-operators, Blue KC, Canada Life and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Insurance and asset management services are offered to diverse clients.
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| domain | founded_year | HQ Location |
Diversified insurance services are offered across Canada.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Provider of life insurance, investment, and retirement products
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Diversified insurance and asset management services are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Axxium insurance
When was Axxium insurance founded?
Axxium insurance was founded in 2009.
Where is Axxium insurance located?
Axxium insurance is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Axxium insurance?
Jamie Reid is the current CEO of Axxium insurance.
What does Axxium insurance do?
Axxium Insurance was founded in 2009 and is headquartered in Montreal, Canada. The firm operates as a brokerage in the insurance sector, focusing on life insurance and property casualty lines. Services include policy placement, risk assessment, and client advisory for both personal and commercial needs. Operations are centered in Canada, with emphasis on tailored insurance solutions for diverse client bases.
Who are the top competitors of Axxium insurance?
Axxium insurance's top competitors include Sun Life Financial, The Co-operators and Beazley.
What products or services does Axxium insurance offer?
Axxium insurance offers Auto Insurance, Home Insurance, Commercial Insurance, RRSP Investments, and TFSA Investments.
Who are Axxium insurance's investors?
Axxium insurance has 1 investor. Key investors include Storm Insurance Group.