Axa Insurance cuts 560 roles after "cleansing" UK business

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Axa Insurance is to streamline its operating model in a move which it claims will result in the loss of around 560 roles over the next few months, of which no more than half will be redundancies in the UK.

It follows a review of its strategic focus since April last year, instigated after the appointment of new chief executive Philippe Maso, which has seen it renegotiate deals with its affinity partners

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