Axa UK delivers significant growth in commercial lines and household
Axa's general insurance business delivered nearly €10bn (£8bn) in premium in the first quarter of 2012, the UK contributing €996m of that total.
This is a 3% increase on the same period last year. The company's direct arm decreased by 3%, a fall that was attributed to "portfolio cleansing" in the UK following a period of rapid growth.
Personal non-motor revenues increased by 4%, a result that was driven by the UK which experienced a 9% uplift.
This was attributed to rate increases and new partnerships in household. Axa UK experienced 15% growth in commercial motor and a 13% increase in commercial non-motor.
Denis Duverne, deputy CEO of
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