AXA partners with Lloyds to offer motor insurance

AXA UK will be the sole provider of car and van insurance products for Lloyds Banking Group customers under its Lloyds, Bank of Scotland and Halifax brands
The five-year agreement will commence from May 2025

AXA UK has today announced a partnership with Lloyds Banking Group. The agreement, which secures AXA’s solus capacity over a five-year term for the Lloyds Banking Group motor portfolio under its well-recognised brands Lloyds, Halifax and Bank of Scotland, will commence from May 2025.

The collaboration sees AXA become the sole provider of car and van insurance for Lloyds Banking Group, one of the largest retail banks in the UK with around 27 million customers.

I’m excited to announce our collaboration with Lloyds Banking Group as we come together to deliver on meeting the evolving needs of our customers. This partnership solidifies our commitment to the UK personal lines market and supports the growth of our business. It’s great news for both our customers and intermediary partners and we look forward to launch in May 2025.

Alain Zweibrucker, CEO at AXA Retail

Peace of mind from a quality policy at the right price is what our customers want, and working together with AXA we'll be enhancing our cover and offering greater choice to drivers for insurance that best suits their needs.

Jeremy Ward, General Insurance Director at Lloyds Banking Group

Lloyds Banking Group motor and van insurance is currently underwritten by a panel of insurers.

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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.

AXA UK partners with Lloyds Banking Group to offer motor insurance products