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Acquisitions have changed climate, says Axa

Axa has admitted that the changing face of the UK broking sector following mergers and acquisitions ...

Axa has admitted that the changing face of the UK broking sector following mergers and acquisitions has forced it to change the way it operates.

This admission comes after Axa announced the closure of five offices and changes to its distribution network.

Mark Cliff, distribution director at Axa Insurance, said: "It is always regrettable when jobs are lost but consolidation in the broker market means that we have to change our operating model and distribution network so that we are better placed to

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