Axa denies reports it will take Bluefin in-house
Axa has refuted claims, published in the Sunday Telegraph, that it plans to take the general insurance broking segment of Bluefin in-house.
The newspaper reported that the insurer was to sell the employee benefits business of Bluefin “as part of a strategic move” to take the remaining Bluefin business in-house.
Axa confirmed that it has appointed Fenchurch Advisory Services to “advise on the strategic options” of Bluefin Advisory Services (BAS).
However, the insurer continued: “Bluefin Insurance Group, the general insurance broking business, is part of Axa’s commercial lines operation. It is a separate business and a fundamental
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