AXA to underwrite Fleet UK for THB

The new partnership deal will see AXA underwrite THB’s Fleet UK product
The product for risk-managed fleets is distributed through approximately 600 brokers
The partnership brings together THB’s fleet specialism and AXA’s underwriting expertise

THB, the largest fleet wholesale broker in the Lloyd’s market, has chosen AXA Insurance to underwrite its Fleet UK product, as part of a new partnership deal.

Now in its 24th year, Fleet UK is distributed through approximately 600 brokers. It combines risk management services, provided by THB’s Cardinus Risk Management, with road safety telematics and fleet analysis provided by Driive.

The agreement stems from THB’s desire to partner with a fleet insurer that values underwriting expertise and AXA’s commitment to offering flexible solutions for its clients and brokers.

“Fleet UK remains a premier fleet product for risk-managed fleets of all sizes. With AXA as our new partner from 1 January, and the full risk management backing of Cardinus and Driive, we’re excited that we can continue to offer this excellent product. Our new partnership with AXA gives us the opportunity to refresh our commitment to this quality motor fleet proposition for our brokers, with whom we have forged strong relationships over the years. We look forward to working alongside AXA to promote the many benefits of Fleet UK.”

— Glen McCully, Managing Director, Fleet UK

“AXA is thrilled to partner with THB. The Fleet UK product, through its real-time service, offers the opportunity to discuss individual risks in detail and fits perfectly with our ‘payer to partner’ strategy, allowing us to bring our safety and risk management expertise to bear. I am looking forward to a long and successful partnership with THB and Fleet UK, supporting a quality proposition and being able to work with such a great network of brokers.”

— Steve Browne, Head of Casualty Insurance, Fleet & Motor Trade, AXA Insurance

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About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

Important legal information and cautionary statements concerning forward-looking statements

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.