Axa withdraws credit hire GTA support
From 7 September the insurer will look at all new hires on a case by case basis - they will not be considered under the terms of the Association of British Insurers' general trading agreement
Axa Insurance has notified the Association of British Insurers (ABI) of its intention to withdraw support from the general trading agreement (GTA) for credit hire.
From 7 September, all new hires will be looked at on a case by case basis and will not be considered under the terms of the ABI GTA.
Those hires already in place will continue to be considered under the existing agreement. In a statement Axa said it had developed a new operating model “which puts greater emphasis on claims ownership
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