AXA to buy Ageas UK commercial lines business with 100 staff for £47.5m

15-02-2022

AXA to buy Ageas UK commercial lines business with 100 staff for £47.5m

shutterstock/Manuel Esteban

AXA’s UK insurance arm (AXA UK&I) is to acquire the commercial lines front book business of Ageas UK for the initial consideration of £47.5 million. The move will see Ageas exit commercial lines underwriting in the UK, with the transfer of around 100 employees to AXA in a bid to enhance its focus on personal lines.


AXA UK&I, Ageas UK, Acquisition, Commercial Lines, Insurance, Reinsurance, Hans De Cuyper, Jon Walker, UK

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