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Axa denies SBJ merger with VP

SBJ will be kept separate from Venture Preference, following Axa's purchase of the £300m gross writt...

SBJ will be kept separate from Venture Preference, following Axa's purchase of the £300m gross written premium insurance group. Axa's chief executive, Nicolas Moreau, said the acquisition was a "significant step" in building its advisory services and broking business in the UK, but insisted it would remain independent from VP.

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