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Daily Insurance Industry News
Thursday 19th of April 2018
November 28, 2011

AXA appoints advisors on Bluefin sale

by Gill Montia

Story link: AXA appoints advisors on Bluefin sale

AXA appoints advisors on Bluefin sale

In response to recent speculation, AXA UK has announced that it has appointed Fenchurch Advisory Partners to advise on the potential sale of Bluefin Advisory Services (BAS), its employee benefits business.

Fenchurch will also consider the prospects for the continued growth of the unit under its existing ownership.

The French insurer is also keen to point out that Bluefin Insurance Group, the general insurance broking business, will remain part of AXA’s commercial lines operation.

The firm comments: “It is a separate business and a fundamental part of AXA UK’s strategy.

“As such, it is not part of this review and there are no plans to bring this business ‘in-house'”.

A sale of BAS would follow AXA UK’s disposal of its traditional life and pensions businesses to Resolution Limited in September of last year, for €3.3 billion.

 

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