ILC ARTICLE

Ageas sells commercial lines business to AXA


Ageas UK has sold its commercial lines business to AXA Insurance UK as part of its ongoing strategy to focus on growing its intermediated personal lines business.

As part of the deal, Ageas’s commercial lines business will transfer to AXA from July 2022.  

Ant Middle, CEO at Ageas UK, said, “The sale of our commercial lines business is an important step in our strategy to focus on growing our heartland of intermediated personal lines business, particularly where it’s traded electronically. While we’ve modestly grown in commercial lines over the last couple of years, our focus is now elsewhere.”

Around 100 Ageas employees who work predominantly on commercial lines underwriting and broker relationship management services will transfer to AXA. They will continue to work from Ageas’s Gloucester office, where AXA will lease some space.

EVENTS

Upcoming Event


Home Claims News

Key names join Home & Property line-up 

Home | ILC News

20-09-2023

Catalyst sparks new skills at academy

Home | ILC News

14-09-2023

CoreLogic brings INTRCONNNECT to Europe

Claims Tech | Home | ILC News

05-09-2023

Insurer Partners

AGEAS
INSURE THE BOX

Industry Body Partners

Insights Partners

Home Corporate Partners

INNOVATION-GROUP