Close Close
ThinkAdvisor

Life Health > Running Your Business

AXA Agrees To Sell Some U.K. Operations

By staff Writer

X
Your article was successfully shared with the contacts you provided.

AXA, Paris, says it will sell its traditional life and pensions businesses, its independent financial advisors protection and corporate pension businesses, and its annuity businesses in the U.K for about $4 billion to Resolution Ltd., London.

“This sale is consistent with AXA’s intention to focus on growing its wealth management business in the U.K. life and savings market,” AXA said in a statement. “This potential transaction does not call into question the AXA Group’s continuing long-term commitment to the U.K. market.”

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.