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Axa XL partly pulls out of leisure

exit-strategy

Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.

Axa XL has confirmed that it will stop working with LeisureInsure in Ireland from 1 August 2019.

Insurance Age understands that Oxford-based LeisureInsure is a coverholder of Axa XL’s and that the insurer has been providing the business with capacity for leisure insurance.

The Irish Independent reported last week that LeisureInsure will now not quote for new business, and from the end of the month will cease all renewals.

The article claimed that it was one of the last few insurance providers

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