Head of Axa Corporate Solutions calls for corrective action

Jean-Paul Rignault, chief executive of Axa Corporate Solutions, was speaking at the close of a seminar in Bristol for clients and brokers arranged by the UK branch of the company.

In a wide-ranging review of the market, he added: “Clearly, we would like to avoid a sudden and tough wake-up situation as happened in 2000/2002, with another very hard market cycle. Stable and adequate rates will help everyone, not just underwriters but clients and brokers too.”

Referring to the sub-prime mortgage