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Axa UK unveils restructure

Axa Insurance has announced a restructure, dividing the business into four core operational units: Distribution, Customer Operations, Corporate Development and Underwriting.

With regards to Distribution Axa said that to help achieve its growth ambitions it has taken the decision to merge its personal and commercial lines distribution functions. Combining the two

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Willis warns 7 in 10 businesses are underinsured

James Adams, head of valuation services at Willis, has warned businesses are increasingly at risk of being caught out by average clauses because outdated property valuations are failing to reflect rising rebuild costs.

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