European Armenian Federation to Follow AXA Insurance Case Closely

BRUSSELS (EAFJD)–The European Armenian Federation for Justice and Democracy (EAFJD) called on the European Armenian community to closely follow developmen’s in the case against the AXA insurance company–which has refused to compensate the heirs of the victims of the Armenian genocide.

The action against AXA–lodged in 2002–concerns the insurance contracts purchased prior to 1915 by Armenia’s victims of the Genocide with the French insurance company "Union Vie," while the heirs of the victims have not–until today–received any compensation.

Following the unprecedented success of the New York Life insurance case in January 2004–when descendants of victims massacred in the Armenian genocide of 1915 brought a class action lawsuit for unpaid life insurance benefits–the EAFJD also urged Armenian members of the European community to send a message to the top management of the AXA group calling attention to a fair resolution of the legal proceedings.

In a July 27 statement–the EAFJD said: "It is encouraging–that 90 years after the Genocide–the European and American companies are called on to explain their past behavior–as the sums misappropriated by these companies are only a part of the immense damages that our people have been subjected to at the beginning of the 20th century."

"We expect from the executives of the AXA group–to take into consideration this sensitive issue with full sense of responsibilities which deman’s the tragic circumstances of the genocide," the statement continued.

The petition form–available on www.eafjd.org–urges AXA to "deal with this case with full attention and high sense of responsibilities which the 90th anniversary of the genocide imposes."

The AXA Group has a long-standing history. The Group can trace its roots right back to the 18th century. After a succession of mergers? acquisitions and name changes involving some of the leading insurance companies in the UK and around the world? the name AXA was first introduced in 1985.

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