AXA signs £150m capacity deal with Prestige

AXA Commercial Lines and Personal Intermediary has agreed to a new five-year capacity deal worth £150m with Prestige Underwriting Services.

The deal will see AXA provide Prestige with capacity to underwrite non-standard household and motor products.

The agreement is an extension to an existing partnership with Prestige which provides a range of non-standard household and motor products to more than 500 brokers.

AXA personal intermediary managing director Karen Hogg (pictured) said: “We’re delighted to be able to continue working with Prestige as their knowledge and expertise allows us to offer a much wider range of products to customers.

“One of the reasons that our relationship with Prestige works so well is that it is based on mutual benefits with neither party holding the upper hand and this is exactly the type of relationship we want to establish with all our partners.”

Prestige managing director Trevor Shaw said: “Prestige has enjoyed a strong business relationship with AXA and we are delighted to confirm this five year agreement to provide capacity for Prestige household and motor products.”