Axa: compliance doubts at heart of Spirit merger

Axa has cited doubt concerning the ability of some smaller brokers to comply with Financial Services Authority (FSA) regulation as one of the reasons for merging its Spirit Underwriting unit with its direct commercial operation in Glasgow.

The move, which forms part of the insurer's review of its commercial operations, stems from concerns within the organisation that a significant percentage of smaller brokers would not be FSA compliant.

An Axa spokesman said the company anticipated that the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: