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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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Direct Irish Insurer Acquired by RSA

RSA Insurance Group plc (RSA) has recently announced it has acquired 123 Money Limited (, a leading direct distributor of personal insurance products in Ireland, with around 170,000 policyholders. generated almost EUR 60 million (GBP 50 million) in the fiscal year that ended on 31 March 2010. With this acquisition, RSA will become the second largest general insurer in Ireland.

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