AXA PLI transfers to Commercial

Today’s announcement that Personal Lines Intermediary will transfer into Amanda Blanc’s business area will come as no surprise given press speculation to this end and the fact that it makes a lot of sense for intermediaries to be dealing with one part of the business not two.

AXA has entered consultation with Unite over the transfer and we are pleased to note that they do not anticipate any significant impact as a result of the switch, indeed many staff will notice little, if any difference, in their day to day activity.

 We have flagged a number of issues which we would like to discuss further with the company, such as the impact on the Commercial combined operating ratio of the inclusion of the Personal Lines Intermediary business and its potential impact on the Commercial bonus multiplier. We have also asked what impact the split will have on Direct & Corporate Partners COR and their bonus going forward.

If you have any questions or concerns arising out of today’s announcement, please speak to your local Unite rep so we can ensure they are addressed at a national level.