19 November 2019Insurance

AXA to underwrite Fleet UK for THB

THB, the largest fleet wholesale broker in the Lloyd’s market, has chosen AXA Insurance to underwrite its Fleet UK product, as part of a new partnership deal.

Now in its 24th year, Fleet UK is distributed through approximately 600 brokers. It combines risk management services, provided by THB’s Cardinus Risk Management, with road safety telematics and fleet analysis provided by Driive.

The agreement stems from THB’s desire to partner with a fleet insurer that values underwriting expertise and AXA’s commitment to offering flexible solutions for its clients and brokers.

“Fleet UK remains a premier fleet product for risk-managed fleets of all sizes,” said Glen McCully, managing director, Fleet UK. “With AXA as our new partner from January 1, and the full risk management backing of Cardinus and Driive, we’re excited that we can continue to offer this excellent product. Our new partnership with AXA gives us the opportunity to refresh our commitment to this quality motor fleet proposition for our brokers, with whom we have forged strong relationships over the years. We look forward to working alongside AXA to promote the many benefits of Fleet UK.”

Steve Browne, head of casualty insurance, fleet and motor trade, AXA Insurance, added: “AXA is thrilled to partner with THB. The Fleet UK product, through its real-time service, offers the opportunity to discuss individual risks in detail and fits perfectly with our ‘payer to partner’ strategy, allowing us to bring our safety and risk management expertise to bear. I am looking forward to a long and successful partnership with THB and Fleet UK, supporting a quality proposition and being able to work with such a great network of brokers.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

​​​Willis Re helps Covéa Mutual complete €120m 4-year cat bond

AIG appoints new head of multinational, general insurance

Mapfre Re upgraded to 'A+' by S&P

Arthur J. Gallagher & Co complet​​es acquisition of Horseshoe Insurance Services Holdings

Polaris and Cytora partner to enhance insurance ratings

Optio enters political risk market

Anthemis expands leadership team to accelerate global growth

Don't miss our insurtech email newsletter - sign up today 

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
28 November 2019   It will ensure its investments align with the Paris Agreement
Insurance
26 November 2019   New arrivals join from Hiscox and Ageas.
Insurance
18 November 2019   Customers will get boiler care and home emergency cover during the winter