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

AXA UK has 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.

Source: AXA

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,” said 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,” said Jeremy Ward, General Insurance Director at Lloyds Banking Group.

Read the full article: https://www.axa.co.uk/newsroom/media-releases/2024/axa-uk-partners-with-lloyds-banking-group-to-offer-motor-insurance-products/

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