Castries "panic" comment shrugged off by insurers
Andrew Tjaardstra Axa group chairman and chief executive Henri de Castries has suggested that insur...
Andrew Tjaardstra
Axa group chairman and chief executive Henri de Castries has suggested that insurers will be panicking at missing out on buying commercial brokers following its acquisitions of Stuart Alexander, Smart and Cook and Layton Blackham. At an investors' conference in Paris, Castries said: "The UK market was surprised by our decision to acquire brokers, and other insurers will be panicking at the missed opportunity." He also commented: "We had to make a strategic move, as Towergate was
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