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

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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