PB Week: All change at Axa

Blimey. Senior management changes are like buses at Axa. There are none for ages and then two come along at once. First, Peter Hubbard suddenly announces he is leaving Axa to “pursue other interests”, then Mark Cliff, markets managing director, declares he’s off to join Fortis in a new role as managing director writes Charlie Thomas, reporter, Professional Broking .

There’s a fair amount of mystery surrounding the exact reasons for Hubbard’s quick departure, with many in the industry believing the insurance giant was less than impressed with 2007’s results