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Axa to shift employees in UK, France to Ireland with Brexit inching closer

France's Axa is set to shift employees to Ireland from Britain and France as Brexit inches closer to realization in March, Reuters reported, citing CEO Thomas Buberl.

Buberl did not specify the number of staff Axa plans to move, according to the report.

"Since the former hub is in France, we will have to take some staff from France as Irish regulators will ask [for] functions to be handled there," Buberl told reporters Jan. 10.

European large risks and reinsurance will be overseen from Dublin, while U.K. business will remain in London, Reuters noted.