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Axa picks up the Portman account

AXA Insurance has won the Portman Building Society household insurance account which was previously underwritten by Royal & Sun Alliance. Under the deal, Portman members will get a rate freeze until at least 2005.

Axa will become the society's household underwriter for new and existing business from 1 February 2004.

Commenting on the deal, Portman's group development director, Matthew Wyles said:" We are

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