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2007 Archive

Catch up on the press releases from AXA UK.

(11/12/2007) Business crime up by a fifth
  • 20% increase in the number of business crime related claims in Q3 2007 compared to the same period in 2006
  • Claims resulting from theft increased by 27% in the third quarter of 2007 compared to the third quarter of 2006
  • Bradford bottom of business crime league table
(27/11/2007) AXA & Winterthur Wealth Management makes first senior appointment to new investment company

AXA & Winterthur Wealth Management announces the appointment of Ian Colquhoun as Managing Director, Commercial Operations UK, to run its new investment company.

(26/11/2007) AXA launches specialist insurance packages for Tradesmen and Professionals

AXA today launched Tradesmen and Professionals, two new products designed specifically for small businesses without premises to insure.

(21/11/2007) 15.6 million adults suffer emotional and physical effects of money problems, yet terrorism and immigration top the social issue league table

Money worries concern UK adults more than any other social issue, over and above terrorism, immigration, climate change and gun crime, according to a new report from AXA. However, despite the fact it worries more adults individually than any other social issue, as a nation we class terrorism, immigration and gun crime of greater social concern.

(19/11/2007) AXA UK announces acquisition of Ignition NBS

AXA UK announced today that it has acquired the marketing agency, Ignition NBS. Ignition NBS is a multi-award winning company providing marketing and business development services to general insurance brokers and the wider professional services market.

(14/11/2007) Huddersfield's Applied Language Solutions scoops UK 'Business Oscar'

Applied Language Solutions (www.appliedlanguage.com) topped a 10-strong field of finalists to win the AXA Small to Medium Sized Business of the Year category at the UK's National Business Awards at glittering award ceremony at Grosvenor House Hotel, London last night (13 November).

(06/11/2007) TAXA scraps automatic General Practitioners Reports(GPRs) for under 45s

AXA has abolished automatic GPR limits for consumers under 45 applying for Life or Critical Illness products.

(06/11/2007) NON-DISCLOSURE IS FIVE TIMES HIGHER FOR PAPER APPLICATIONS

Consumers are five times more likely not to disclose important medical and lifestyle information on paper applications than with tele-underwritten applications.

(06/11/2007) AXA TO PILOT INNOVATIVE MEDICAL TESTING IN PHARMACIES

AXA is piloting medical screening in pharmacies for its protection products with access to innovative, non-invasive techniques including needle-free skin tests, saliva tests and hair analysis.

(06/11/2007) AXA APPOINTS NEW AREA SALES MANAGER

AXA has appointed Bob Wotherspoon as Area Sales Manager for the North, Scotland and Northern Ireland.

(31/10/2007) The total cost of dying in the UK is now typically £5,923

The funeral component of the above is £2,390

(18/10/2007) AXA expands Protection sales team

AXA is looking to double its Protection sales team by the end of the year to accommodate increased demand from advisers.

(09/10/2007) Crime against business continues to increase
  • 11% increase in the number of crime related claims in Q2 2007 compared to the same period in 2006
  • Claims resulting from malicious damage increased by 28% in the second quarter of 2007 compared to the second quarter of 2006
  • Bristol worst city in business crime league table
(01/10/2007) AXA calls for more effective police focus in fight against insurance fraud

Insurance giant AXA is calling on the Government to treat fraud more seriously and to focus police resources to fighting this problem. The insurer argues that at a national level the police do not have sufficient resources to deal with fraudulent cases and that many are being pushed down to a local level where they are all too often dealt with ineffectively. The announcement was made at fringe meetings held during the Labour and Conservative Party Conferences held by the insurer on 23rd and 30th September, to promote discussion and raise awareness of the issue of insurance fraud.

(24/09/2007) HR Directors called to action to help employees take control of their finances
  • Employers asked to pledge one hour of support for national programme designed to improve the nation's finances
  • CBI and Unite supports national campaign
(20/09/2007) Ian Robinson appointed Group Business Risk Director of AXA UK

AXA UK announces that Ian Richardson will retire as Group Business Risk Director of AXA UK on 31st December 2007. He will be replaced by Ian Robinson, currently Chief Operating Officer, HSBC Insurance Holdings.

(14/09/2007) Glasgow firm takes AXA "Business Oscars" crown

AXA last night announced that Glasgow firm BiP Solutions (www.bipsolutions.com) is the winner of the Scottish AXA Small to Medium Sized Business of the Year Award category of this year's prestigious National Business Awards for Scotland - dubbed by the prime minister as the 'Business Oscars'.

(05/09/2007) AXA to buy international employee well-being services company

Move signals AXA PPP healthcare's growth strategy in employee services market

(03/09/2007) AXA UK acquires broking firm The Davis Group

AXA UK plc today strengthened its position as the operator of UK's 2nd largest SME broker with the acquisition of independent commercial broker, The Davis Group plc.

(09/08/2007) AXA UK reports strong revenue growth in Life and General Insurance and improved underlying earnings result
  • Revenue APE1 in UK Life and Savings up 69% overall and by 26% on a like for like basis
  • Revenues in General Insurance £1.86 billion, up 9%
  • Total underlying earnings for H1 2007 £160 million, up 3%
  • Result maintained despite the impact of the January storms (£37 million before tax) and June floods (£78 million before tax)
  • Our current estimate for the cost of the July floods is approximately £120 million (before tax)
(13/07/2007) Newtown firm is once again regional winner of AXA 'Business Oscars'

AXA today announced that Newtown firm Quartix (www.quartix.net) has won the Wales and West Country regional final of the AXA Small to Medium Business of the Year Awards.

(13/07/2007) Hamble's Point Source is regional winner in AXA 'Business Oscars'

AXA today announced that Point Source (www.point-source.com) has won the South East regional final of the AXA Small to Medium Business of the Year Awards.

(11/07/2007) Wigan firm is once again a regional winner in AXA 'Business Oscars'

AXA today announced that Wigan firm Valueworks (www.valueworks.co.uk) has won the North West regional final of the AXA Small to Medium Business of the Year Awards.

(11/07/2007) Huddersfield firm is regional winner in AXA 'Business Oscars'

AXA today announced that Huddersfield firm Applied Language Solutions (www.appliedlanguage.com) has won the North East regional final of the AXA Small to Medium Business of the Year Awards.

(05/07/2007) Tyrrells is once again regional winner of AXA 'Business Oscars'

AXA today announced that Leominster success story Tyrrells (www.tyrrellspotatochips.co.uk) has won the Midlands and East of England regional finals in the AXA Small to Medium Business of the Year Awards for the third year running.

(02/07/2007) AXA welcomes FSA regulation of travel insurance

AXA welcomes the Treasury announcement that the Government intends to give the Financial Services Authority (FSA) the responsibility for regulating the selling of travel insurance sold along with a holiday.

(28/06/2007) AXA's response to the Retail Distribution Review discussion paper

The FSA's Retail Distribution Review (RDR) discussion paper is very wide-ranging. As expected the main topics are the impact of incentives, outcomes for customers, and the sustainability of retail distribution. It also looks at the reputation of the industry, whether consumers get adequate access to products and the barriers that regulation may pose to more effective business models for both advice, distribution and manufacture.

(17/06/2007) Holiday health risks: One-in-ten British adults do not get the vaccinations they need before travelling

One-in-ten (3.7 million) British adults aged 16-64 fails to ensure they have the appropriate vaccinations or precautionary medicines before travelling abroad on holiday. With Britons travelling to ever more exotic destinations they are increasing their risk of catching tropical diseases such as malaria, yellow fever and typhoid.

(12/06/2007) Business crime increases by a tenth in the last 12 months
  • 10% increase in the number of crime related claims in Q1 2007 compared to the same period in 2006
  • Claims resulting from arson attacks increased by 28% in the first quarter of 2007 compared to the first quarter of 2006
  • Nottingham tops business crime league table
(11/06/2007) AXA Insurance appoints Ian Johnson as Chief Operating Officer

AXA Insurance is pleased to announce the appointment of Ian Johnson as Chief Operating Officer. Ian will be based in London and report to Peter Hubbard.

(03/06/2007) AXA Isle of Man provides exclusive offshore access to newly launched Bramdean Alternatives Fund

AXA IOM responds to increased investor appetite for exposure to alternatives

(23/05/2007) Can't travel, won't travel: One-in-ten British adults has never been abroad on holiday

One-in-ten* (2.9 million) British adults aged 16-64 has never been abroad on holiday, new research from AXA Insurance reveals. A further 2.3 million Britons have only been on holiday abroad once in their lifetime. The average British adult aged 16-64 has vacationed in seven different countries overseas.

(05/04/2007) AXA appoints new UK communications chief

AXA has appointed Tony McGarahan to the newly-created role of Group Corporate Relations Director for the UK.

(05/04/2007) AXA UK appoints new non executive director

AXA today announces that it has appointed Ian Brimecome as a non executive director to the board of AXA UK plc.

(14/03/2007) Business crime increases by a fifth in the last year
  • AXA Business Crime Index reports 20% increase in number of crime related business insurance claims in 2006
  • Glasgow revealed as arson capital of the United Kingdom
  • Leicester tops league table for business theft
  • Business crime claims increase for third consecutive quarter
(05/03/2007) AXA announces improved with profits bonus rates and removes all MVRs

AXA has announced improved with profits bonus rates for many of the 1.3 million customers investing in the AXA Sun Life (ASL) With Profits Fund and the Sun Life Assurance Society (SLAS) With Profits Fund.

(02/03/2007) Young Britons plan for pension before purchasing property

- At 28 the British are the youngest in the world when they start retirement planning

  • Forward-thinking Brits plan for retirement earlier than any other nation worldwide
  • One third of British people expect property to provide their retirement income
  • European cousins aspire to 'affluent' lifestyle of retired people in UK and want a common pension system
(23/02/2007) Pensioners embrace plastic fantastic - almost quarter of a million retirees resort to cosmetic surgery to look young
  • Over 230,000 UK pensioners have resorted to cosmetic surgery
  • 24% believe artificial enhancement is the answer to eternal youth
  • 83% always take care of their appearance
(22/02/2007) AXA UK reports underlying earnings at £308 million for 2006 up from £266 million in 2005
  • Excellent growth in UK General Insurance revenues with improved loss ratios across most business classes and improved underlying earnings
  • Strong growth in Health revenues continued - up 8% in 2006 with increased volumes across all business sectors
  • Record new business levels in Q4 2006 in Life & Savings. APE1 increased by 38% on a constant exchange rate basis (from £559 m in 2005 to £773 m in 2006).
(07/02/2007) AXA UK announces acquisition of swiftcover.com

Acquisition strengthens AXA UK's position in the provision of personal lines insurance direct to consumers

(02/02/2007) Survey finds internet usage has edged ahead of DIY and gardening as OAPs' favourite hobby
  • Using the internet is the preferred hobby of pensioners
  • Four in ten retired people are regular e-shoppers
  • 88% of silver surfers chat regularly with friends and family over the internet
(29/01/2007) AXA appoints climate change director

AXA Insurance has appointed Kim Clemo to the new position of climate change director. Kim’s previous role was HR Director with AXA Insurance. She will report directly to Peter Hubbard the CEO of AXA Insurance.

(22/01/2007) Loophole leaves UK PLC at risk of £60m backdated unfair dismissal claims in next 12 months

Leading insurer AXA today warns that UK employers could be sued to the tune of £60m in backdated discrimination claims for forcing people to retire at the age of 65. Employers who do so are acting within the law as it currently stands, however a ruling awaited by the European Court of Justice (ECJ) could leave them facing expensive compensation claims in the future.

(12/01/2007) AXA UK announces acquisition of broking firms Stuart Alexander and Layton Blackham

Acquisition strengthens AXA's distribution platform through the provision of broking services to the SME market.

(10/01/2007) One in three turn a blind eye on finances
  • … Super Nanny / short, sharp, shock approach needed for Brits to clean up their finances …

  • … Results of unique experiment provide new insights to financial education debate …


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