Ardonagh-owners Highbridge and MDP buy healthcare broker from Axa
Insurer says its UK strategy is that whole of market intermediaries are best placed within businesses focused on distribution.
Axa has sold its whole of market healthcare broker, Health and Protection Solutions, to Ardonagh-owners Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP).
The insurer stated that the transaction, worth an undisclosed sum, is expected to complete in the second quarter of 2018, subject to regulatory approvals.
According to Axa the broker, trading as The Health Insurance Group (THIG), provides health and wellbeing solutions to both businesses and individuals.
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