AXA Personal Lines has received a new contract from avantia to underwrite non-standard household insurance.
Properties with a history of subsidence or flood damage and where a customers’ circumstances would exclude them from other insurers’ products will be included under the contract.
As per the five-year contract, AXA is expected to provide support, flexibility and long-term stability to Avantia.
AXA Personal Lines CEO Steve Hardy said this important deal is testament to the hard work put in by all the team.
avantia managing director David Walker said that they were in search of a blue-chip insurance partner who could provide them the support, flexibility and long-term stability for their expanding group.
"We were also looking for a company who truly understood our radical approach to writing this business and, in all our negotiations with them, it was clear that AXA Personal Lines grasped our ethos from the outset," Walker said.