Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
With a large portion of its MGA book now in run-off, chief executive Philippe Maso said he is prepared to maintain relationships with the remaining MGAs on its books, having revised Axa's pricing and
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