Axa and XL reveal first common branding step

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No change for UK brokers.

Axa will create a new Axa XL division, the provider has announced.

It will operate under the Axa brand and the insurer detailed that it was dedicated to large property and casualty commercial lines and specialty risks.

According to Axa, which agreed to pay $15bn (£11.1bn) for XL in March, the move is part of the planning process for combining XL Group operations, Axa Corporate Solutions and Axa Art.

Axa Corporate Solutions has an office in London but is run out of Paris and deals with multi

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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