AXA Ireland out of place in Egypt (10)
I believe the answer is:
Here is my best explanation:
'in egypt' is the definition.
('Alexandria' is part of 'egypt')
'axa ireland out of place' is the subsidiary indication.
'out of place' is an anagram indicator.
'axaireland' is an anagram of 'alexandria'.
(Other definitions for alexandria that I've seen before include "Egyptian Mediterranean port", "Port of Egypt" and "Chief port of Egypt".)