Axa to "invest heavily" in brokers and innovation

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Group CEO for UK & Ireland, Amanda Blanc, says insurer sees continued growth in motor and across commercial lines.

Axa will continue to invest heavily in its broker business going forward, Amanda Blanc, group chief executive officer for Axa UK and Ireland, has confirmed.

Axa UK and Ireland delivered revenue growth of 8.1% to £4.4bn in 2016 with a combined operating ratio of 97.3% and increased underlying earnings of £263m.

Following the publication of its 2016 financial results, Blanc stated that the underlying growth in its personal lines division came from its motor business, where the insurer had seen

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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