Axa reports drop in UK and Ireland P&C revenues
However, the company has heralded the success of Swiftcover
Axa has reported a 12.8% fall in property and casualty (P&C) revenues in the UK and Ireland to €3.1bn for the first nine months of 2009, compared to €3.5bn in the same period last year.
The company said that the result was down 1.8% on a comparable basis as the group as a whole saw P&C revenue rise 2.5%, 0.6% on a comparable basis, to €20.5bn.
In the group as a whole, personal motor revenues were up 1.8%, which Axa said was partly driven by the success of the UK’s Swiftcover platform as well as
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