AXA UK to sell investment and pensions business
Saturday, 05 28 2016, Category: Insurance and Reinsurance, Country: United Kingdom
AXA UK has entered into an agreement with Phoenix Group Holdings to sell its (non-platform) investment and pensions business and its direct protection business (SunLife).
Together with the previous two announced transactions, the overall consideration for the sale of the entire UK Life & Savings business would amount to approximately €800 million ($894.7 million).
Source: Intelligent Insurer