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Farm partnership between Axa and Towergate extended

  • Publish Date: Posted over 7 years ago

AIUA, a division of Towergate, has revealed its capacity deal with Axa has been extended, a deal thought to be in the region of £45m. Towergate said that Axa has given A-rated paper for AIUA products for five years and the cooperation has been penned for another five years with Axa now the MGA's main capacity provider. The deal, which incorporates agricultural motor and farm combined products, takes effect this month. AIUA managing director Andrew Bell said, "I'm delighted to extend our partnership with Axa. This will provide our brokers with improved underwriting flexibility and new products, backed by secure A-rated capacity." Jon Walker, managing director of commercial intermediary at AXA said, "This is a significant deal and I am delighted that we can support brokers by providing protection to more of the UK's farms and agricultural businesses."