Axa reveals £70m hit from Bluefin deal
Marsh to combine Jelf and Bluefin to be led by Phil Barton.
Axa has completed the sale of Bluefin Insurance Group to Marsh - the £295m takeover was first announced in November.
The insurer has now updated the market that the deal has resulted in an "exceptional" €82m (£69.75m) loss adding that it would be accounted for in its 2016 net income.
Bluefin was founded in 2008.
It has around 1,500 staff based in 45 locations in the UK and over 150,000 business and individual clients.
Deal
Speaking about the completion of the deal, Mark Weil, Marsh's CEO for UK &
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