Pros
Well... If you consider it a positive thing, a completely laid back company moto (great if you have kids and don't like or want to work hard). No one will fire you for being incompetent. So that's good.
Cons
I was what they call a "insurance technician" here in Spain and I have always worked in blue chip companies in several countries and this one was a surprise. You have access to internal jobs but when you talk your boss about them they look at you with a look that says "you're an effing nobody, what the effing are you thinking? You will never get a promotion while I'm here". To be honest in Spain there is a glass ceiling everywhere you go but in Axa is the worst (and I have an MBA and speak 4 languages and I was tied by my boss). I was able to whithstand two years there just enough to get the hell out of there. I did, I am in Zurich reinsurance in Austria now and I am loving it.