AXA & Winterthur Wealth Management has announced plans to expand its offshore business into Europe with the appointments of Kevin Dean as chief executive and Mike Foy as managing director for AXA Isle of Man with immediate effect. As part of a new international offshore business proposition at AXA IoM, the business will work alongside AXA Life Europe and will develop offshore products targeted at UK expatriates. Initially, the focus will be on Europe, the Middle East and the United Arab Emirates, with a view to rolling out the offering globally in due course. Mike Kellard, chief executive of AXA & Winterthur Wealth Management, said: “AXA Isle of Man has seen tremendous growth over the past few years culminating in the receipt of over £2 billion ($4 billion) in 2007; this is in excess of 25 per cent of all offshore business in the UK. The new European plans will widen its offering to a new range of consumers.”