Axa opens global service to Australian customers
Axa Corporate Solutions has unveiled its suite of insurance offerings and support services in the Australasian market for clients with global operations.
“This move greatly enhances the products and services we can offer to local companies doing business overseas,” Australia CEO Hubert Jumel said.
“The feedback from brokers we have presented the capabilities to so far has been overwhelmingly positive. Some of them have remarked how they have been looking for just these kind of solutions.”
The full range of products and services includes insurance solutions in 150 countries, support from 500 claims specialists and online tools to track program implementation in real time.
Clients can also seek risk management advice from 160 qualified experts.
The Australian team is briefing broker partners in detail.
Meanwhile, XL Catlin in Australia will trade as XL Insurance, under global changes to follow Axa’s acquisition of Bermuda-based XL Group.
The change will also see Axa Corporate Solutions – which has a growing operation in Australia – being brought under the new brand.
The $US15.3 billion ($20.7 billion) acquisition announced in March shifts Axa’s business from predominantly life cover and savings to mainly property and casualty (P&C). The combined group will operate under the Axa master brand.
XL Group and Axa will remain separate companies until the deal closes sometime before the end of the year. Shareholders in the XL Group approved the acquisition last month.
The Paris-based company says the new division dedicated to large P&C commercial insurance and specialty risks will be named Axa XL.
Offerings within the division will be identified along three main lines.
XL Insurance will comprise XL Group’s insurance business and Axa Corporation Solutions, and will also include XL Art and Lifestyle.
The other two lines will be XL Reinsurance and XL Risk Consulting.
The primary Lloyd’s syndicate will continue to be known as XL Catlin Syndicate 2003.
The Australian XL Catlin business has offices in Sydney, Melbourne and Brisbane.