Axa unveils motor revamp as UK general earnings plummet
Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings
Axa has stated its intention to impose targeted rate increases across its personal lines motor book and make a return to the direct motor market as it announced a significant slump in UK general insurance earnings.
Total general insurance and health underlying earnings in the UK and Ireland fell 63% to £90m in 2009, compared with £244m the previous year. The insurer said this was mainly due to a series of exceptional general insurance losses totalling £157m.
Overall, UK general insurance
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