200 AXA agents join Great Eastern in first mass move amid tighter guidelines

Sources said Great Eastern Financial Advisers "was very creative" and that it would fully buy out the agents who might have signed on to packages when they were with AXA.
Sources said Great Eastern Financial Advisers "was very creative" and that it would fully buy out the agents who might have signed on to packages when they were with AXA.PHOTO: ST FILE

Poaching activity in Singapore's life insurance industry has come full circle for key players that have their own financial advisory arms, with the first mass migration taking place amid tightened industry guidelines.

The Straits Times understands from market sources that a group of about 200 experienced agents from French insurer AXA have moved to Great Eastern Financial Advisers (GEFA).

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A version of this article appeared in the print edition of The Straits Times on November 13, 2019, with the headline '200 AXA agents join Great Eastern in first mass move amid tighter guidelines'. Print Edition | Subscribe