Axa unveils motor revamp as UK general earnings plummet

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Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings

Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings.

Total general insurance and health underlying earnings in the UK and Ireland fell 63% to £90m in 2009, compared with £244m the previous year. The insurer said this was mainly due to a series of exceptional general insurance losses totalling £157m.

Overall, UK general insurance

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