France-based global insurance company Axa has partnered with Una, a strategic insurer panel of independent broker alliance, in a new three-year rolling deal.
Axa believes that its commercial lines and personal intermediary will provide nearly £10m in gross written premiums (GWP) over the three-year contract period.
The recent agreement follows a decision taken by Axa to leverage a more strategic approach in its dealings with Una.
With a special attention on property, casualty and motor underwriting business, both organizations have agreed to provide double digit growth over 2014.
Axa commercial intermediary managing director Matthew Reed was quoted by the Post Online as saying that the relationship between the two parties will particularly emphasise on the SME sector.
"We believe there is a huge opportunity to grow our business with Una as currently our penetration of their book is lower than we would like.
"This new deal goes some way towards correcting that and represents a strong commitment on both sides to a partnership that we expect to go from strength to strength," Reed added.
"As the alliance is comprised of strong regional brokers, this relationship with UNA is absolutely in line with our wider SME strategy."
With more than 163,000 staff serving 102 million clients in 57 countries, the AXA Group had €1.11 trillion in assets under management as of 31 December 2012.
Image: Axa head office in Paris. Photo courtesy of: Tangopaso (talk).