AXA Commercial Lines and Personal Intermediary and Saffron have agreed a joint personal lines and commercial lines deal delivering over £3m GWP of commercial business and up to £1m in personal lines business in the next year.
AXA has agreed a new growth strategy with Saffron Insurance Brokers to deliver over £4m GWP in 2014.
Building on the success of the existing relationship, AXA Commercial Lines and Personal Intermediary and Saffron have agreed a joint personal lines and commercial lines deal delivering over £3m GWP of commercial business and up to £1m in personal lines business in the next year.
The deal comes on the back of AXA’s new combined approach to personal and commercial lines business following the merger of the two channels in 2012. In addition, the two parties are now looking to integrate the insurer’s health insurance offerings, through AXA PPP, into the overall package.
Commenting on the deal, Amanda Blanc, CEO of AXA Commercial Lines and Personal Intermediary, said: "This deal with Saffron is the perfect example of the kind of offering that we can now bring to the market following the merger, looking at a broker’s book of business as a whole rather than in silos.
"We have nurtured the relationship with Saffron as they are just the kind of broker that AXA wants to get closer to. We look forward to developing this relationship even further and this deal is a great first step."
David Beswick, Managing Director of Saffron Insurance Brokers, added: We are delighted to have come to this agreement with AXA. Over the last three years, we have developed a very strong relationship and the level of trust we have in each other is reflected by the commitment both parties have made here.
"The fact that AXA’s personal and commercial lines broker businesses are both under the same roof means that both parties can take a much broader and strategic view of the situation and this is reflected in the deal we have just agreed.
"We look forward to working with AXA in 2014 and looking for further areas where we can collaborate."