’This partnership solidifies our commitment to the UK personal lines market,’ says chief executive
Axa UK has partnered with Lloyds Banking Group over the latter’s motor portfolio.
The deal, which secures Axa’s solus capacity, will see the insurer become the sole provider of car and van insurance products for the bank’s customers.
The agreement will last for five years and forms part of Axa’s plans to expand in the personal lines market.
Alain Zweibrucker, chief executive at Axa Retail, said: “I’m excited to announce our collaboration with Lloyds Banking Group as we come together to deliver on meeting the evolving needs of our customers.
“This partnership solidifies our commitment to the UK personal lines market and supports the growth of our business.”
Start date
Lloyds Banking Group’s motor and van insurance is currently underwritten by a panel of insurers.
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The agreement with Axa will commence from May 2025.
Jeremy Ward, general insurance director at Lloyds Banking Group, said: “Peace of mind from a quality policy at the right price is what our customers want and working together with Axa we’ll be enhancing our cover and offering greater choice to drivers for insurance that best suits their needs.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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