28/11/2011 - AXA Selling Bluefin

AXA Selling BluefinAXA Selling Bluefin.

AXA are to sell Bluefin Advisory Services for a possible £100m.  According to AXA, Bluefin Insurance Group, the general insurance broking business, is not part of this review and there are no plans to bring this business “in-house”.

AXA has appointed Fenchurch Advisory Partners to assist in the sale and have stated that working closely with the senior management team of Fenchurch means they will consider both the prospects for the continued growth of the business under its existing ownership structure as well as assessing and testing whether Bluefin Advisory Services, its clients and staff would be better positioned under new ownership.