Markets managing director follows former chief executive Peter Hubbard in leaving insurer

AXA’s markets managing director Mark Cliff has left the company, Insurance Times has learned.

He is believed to have accepted a senior position at Fortis. The insurer confirmed it had been looking for a managing director for its UK insurance arm.

The news emerged several days after chief executive Peter Hubbard left AXA suddenly to be replaced by UK finance director Philippe Maso y Guell Rivet.

Sources within AXA said as of today, Cliff’s desk was cleared and he had officially left the company.

He and AXA were both unavailable for comment.

For more details see this week's issue of Insurance Times.