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).”
Topics Mergers & Acquisitions Commercial Lines Business Insurance
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk 
The Hartford Q3 Net Income Up 41% 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
