AXA Acquires Independent’s Small Business Website

July 5, 2001

AXA Insurance, the French giant’s U.K. unit, has acquired Independent Insurance’s small business website from the company’s liquidators.

The site, www.business-risk.com, employs 17 people, who will be retained by AXA. It specializes in offering “cover for commercial risks like hotels, shops and small manufacturing companies,” said the announcement.

“The purchase of the site means we are now ahead of schedule to transact commercial business across the net,” indicated Clare Duggan, Program Director -Strategic Programs for AXA. “This solution will allow our key brokers to write commercial business over the internet – typically focusing on small premium commercial risks, up to about £5000 ($7050).”

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