Biba 2011: Axa commercial lines restructure 'complete'

Amanda Blanc

Axa commercial chief executive Amanda Blanc has revealed the restructure of the firm is “complete”, including the identification of 114 senior management staff who will leave the business.

As a result of the swift changes, Axa branches across the UK are to "relaunch" to brokers on 1 June.

Post Online first revealed the senior management cuts in April, as Ms Blanc moved to make sweeping cuts across the business.

The 114 staff are "now leaving or know they are leaving", Ms Blanc said, speaking to Post at the British Insurance Brokers' Association conference in Manchester.

Ms Blanc, who had previously set a target of six months to restructure the business, said her first major task at the business was now complete: "All staff have been told, all appointments have been made, and in every location we have identified the people we want. We will be relaunching to brokers in June and have done this restructure in record time."

The insurer recently confirmed its intention to open more regional branches across the UK, with Newcastle and Cardiff identified as two potential areas.

Ms Blanc said any plans would be put in place by the end of the 2011.

Amid the completion of the changes across Axa's commercial lines division, Ms Blanc said intermediary Bluefin would also make "significant changes", but stressed CEO Stuart Reid was still viewed as a "long term" leader for the broking business.

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