Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.
Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.
The Government has announced a policy of cutting across all departments. Peter Barnett assesses what this regime of a thousand cuts means for the protection and health intermediary
AXA Group's sale of part of its UK Life business to Resolution Group has led to a 30% drop in income for the first half of 2010.
Axa's Protection Account has been added to the Webline portal's menu based product range.
Axa have re-affirmed their commitment to the private healthcare market and its Bluefin adviser group after selling its Life business to Resolution for £2.75bn.
Resolution has bought Axa's UK protection business as part of a deal for the whole of its Life organisation worth £2.75bn.
Advisers are concerned service quality could suffer if Resolution succeeds in a takeover of AXA's annuity, protection and group pension business.
Resolution Group, the consolidation vehicle which bought Friends Provident last year, is in talks to buy AXA UK's annuity, protection and group pensions business for £2.75bn.
Openwork is expanding its product proposition with a new protection panel featuring Aegon, Axa and Legal & General.