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AXA UK Splits Its Non-life Operations

AXA UK, part of the France-based AXA Group, has recently announced the restructuring of their non-life operations into two self-contained business units, namely commercial lines and personal lines, with each of them having their own CEO and management teams. The heads of these two new units will report to AXA UK group chief executive Paul Evans, who has also been recently named as a replacement to outgoing Philippe Maso.

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AXA UK Life Business may be Acquired by Resolution

Resolution Plc, the company headed by insurance tycoon Clive Cowdery, has been in talks with the French group AXA for over one month, to buy most of their AXA UK business for GBP 2.8 billion (EUR 3.36 billion; USD 4.1 billion). This deal would create one of the biggest life groups in Britain.

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