The Layton Blackham Group said it was on the verge of further expansion following the restructuring of AXA UK's investment in the group.

The restructure means AXA will now hold a significant minority interest in the Layton Blackham Group, which has an annual turnover in general insurance premiums in excess of £85m. Ricksons advised Layton Blackham throughout the restructure.

Layton Blackman managing director Chris Blackham said the restructure would allow the company to continue with selective acquisitions and to roll out its broker franchise and broker partnership initiatives nationwide.