Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.
The announcement follows the resurfacing of the long-standing rumour that the French insurer plans to sell the intermediary business it has assembled since 2007 beginning with Stuart Alexander and Layton Blackham.
Philippe Maso, CEO Axa Insurance and a member of the Bluefin Insurance Group board says: "We are very happy with the investment we have made in Bluefin Insurance Group, which is proceeding satisfactorily and has made substantial progress over the past two years in difficult market conditions.
"We have a clear strategy in place evidenced by recent acquisitions. Managing distribution continues to be key to Axa's future strategy in the UK".
