Nicolas Moreau, the new chief executive of Axa's UK operations, plans to beef up the insurer's asset management business and enter the direct motor insurance market, says the Daily Telegraph .
Axa has been linked with takeover speculation about Prudential as well as other UK insurers several times in the past year, but Moreau, who took over as head of the UK business in July, said he was focusing on organic growth. Formerly head of Axa Investment Managers before moving to London, he will draw on his background in wealth management to expand that side of the business. He is also keen to leverage the company's strength in health insurance to offer a product to British citizens living abroad, says the paper. MOST ECONOMISTS believe house prices can stay at their current hig...
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