10 January 2017
Specialist farm managing general agent AIUA today announces a multi-million pound extension of its capacity arrangement with AXA.
AXA has provided A-rated paper for AIUA products for five years and the partnership has been extended for another five years with AXA now the MGA’s main capacity provider.
The arrangement includes agricultural motor and farm combined products and 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.”
Towergate is the largest agricultural insurer in the intermediated market with products distributed through 980 brokers.
Kelly-Ann Knight - Corporate Communications Director
Towergate Insurance Limited