Belfast Telegraph

AXA to move UK staff to Republic due to Brexit

French insurance giant AXA has said that it will be moving staff to Ireland from the UK and France due to Brexit.

AXA chief executive Thomas Buberl has told reporters AXA's newly-acquired XL division had already begun planning to move to Ireland.

AXA has a number of branches across Northern Ireland including Belfast, Londonderry, Newry, Coleraine and Bangor.

The company purchased the casualty insurance company XL Group for around $15billion in March.

"Since the former hub is in France, we will have to take some staff from France as Irish regulators will ask functions to be handled there," said Mr Buberl.

An AXA XL spokesperson said that "there are a handful of additional roles that may need to be created in Dublin following the merger of AXA Corporate Solutions into XLICSE  but this is subject to further discussion and we are talking about a very small number."

"We currently have 60 people in Dublin, during 2019 we expect that to reach around 75 with further roles added as and when needed," the spokesperson said

The company has previously said it was relocating operations to ensure "continuity of service" for European customers after the UK's departure from the EU.

AXA is one of the largest and oldest insurers in the Irish market, employing a large numbers of staff in both Northern Ireland and the Republic.

Belfast Telegraph Digital

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