Bluefin Advisory may be sold

Axa UK has hired advisors to decide whether to sell its Bluefin Advisory Services. Following reports of a possible sale, the company said it had appointed Fenchurch Advisory Partners to consult on “the firm’s strategic options”. “Working closely with the senior management team in BAS, Fenchurch will consider both the prospects for the continued growth of the business under its existing ownership structure as well as assessing and testing whether Bluefin Advisory Services, its clients and staff would be better positioned under new ownership.” it stated. It stressed that Bluefin Insurance Group, the general insurance broking business, is a completely separate business, so would not be part of the review.