Axa sees UK commercial and motor revenue decline
Axa has reported that its motor and commercial revenues fell in the first half of 2005 in the UK and...
Axa has reported that its motor and commercial revenues fell in the first half of 2005 in the UK and Ireland. However, the insurer said revenue, excluding Axa Direct, but including health, was up 1% from £1.57bn in the first half of 2004 to £1.58bn in the first half of 2005, despite the impact of a softening market in commercial. Axa added that retention remains strong. In commercial, Axa said premiums were down 3%, reflecting less new business in liability. In personal, which accounts for 48%
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