Axa XL plans to cut 711 positions in Europe, representing about 7% of its global workforce, as it continues to rationalise teams following last year’s merger.

Transferring employees in Europe to a single company began at the start of the month as Axa Corporate Solutions, Axa Matrix, Axa Art and XL Catlin were integrated.

“Combining what were previously separate teams and activities into one structure means Axa XL will need to redefine its working processes and organisation accordingly,” the company says.

Paris-based Axa last year acquired XL Group for $US15.3 billion ($21.5 billion), shifting its business towards property and casualty insurance.

Axa XL has developed a draft plan for its operating model and organisational structure, which has been presented to employee representatives where formal consultations apply, including in France, Italy, Germany and the UK.

“It will be presented further on a country-by-country basis and discussed with social partners over the coming weeks,” the company says.

Changes to the European workforce may include internal redeployments or voluntary departures, depending on local social requirements or practices.

The company says several teams have started working together since the deal closed in September, leading to some business gains due to a stronger proposition.