Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Bertand Poupart-Lafarge, CFO and interim CEO of Axa UK & Ireland, told Insurance Age that much of the growth for Axa UK & Ireland was driven by its commercial division, mainly through broker distribution and schemes.
Axa UK & Ireland’s interim results for the first six months of 2018 showed increased revenue – from £2.4bn to £2.5bn.
Revenue for commercial went up to £730m from £690m in the same period of 2017.
Gross revenue for commercial motor went up 8% to €362m (£321.5m). Commercial non
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