Axa results impacted by £115m weather losses

In a statement Axa UK said: "Personal motor in the UK contributed to a £91m growth in personal lines revenue, helped by the Swiftcover acquisition in February 2007, and its positive growth as an independent franchise.

"Increased competition in commercial casualty has caused premium volumes to be lower than anticipated, however Axa remains committed to maintaining underwriting discipline and offering premium terms that are viable."

Growth in UK health revenues has been maintained with revenue up

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