2006
(04/10/2006) AXA Insurance is to provide new insurance products for the John Lewis partnership
AXA today announces that it has reached agreement with the John Lewis Partnership to provide a range of insurance products for its customers. These products will be sold through Greenbee, the new direct services company from the John Lewis Partnership.
The five year agreement will see AXA providing products for travel and home insurance. These products have been awarded a five star rating by Defaqto1, the independent market research company. There will also be wedding and event insurance products which are outsourced to one of AXA’s preferred providers.
Anthony Middle, director of corporate partnerships, said: “I am very pleased that John Lewis have placed their trust in AXA to provide this range of high quality products for their customers. I look forward to developing the relationship by delivering the excellent level of service that John Lewis customers expect, and exploring the countless opportunities that working in partnership with such a strong brand as John Lewis presents.”
James Furse, managing director Greenbee said: “We are excited to be launching Greenbee and are delighted that AXA are joining us in this venture.”
Products
The travel insurance product offers full cover in case of holiday postponement or cancellation, access to medical treatment abroad and cover for many pre-existing medical conditions2. Optional extras include golf cover, business travel and winter sports. Other benefits include a travel concierge service, which is a facility to help manage and resolve travel problems anywhere in the world, and travel money delivered to the home.
The home insurance product provides unlimited buildings, contents and accidental damage cover3. Cover for personal possessions taken away from the home is also included as standard, up to £5,000.
Wedding insurance offers comprehensive protection for wedding arrangements, including cancellation and rearrangement, replacement of bridal attire and loss or damage to gifts. Event insurance offers protection for private event arrangements covering various sizes of event up to 1000 guests.
These products will be available via telephone and the Greenbee website www.greenbee.com. AXA Insurance will deal with all claims for the travel and home insurance products.
1 Defaqto is an independent product research business that originates, evaluates and distributes a vast array of data to the financial services industry through a range of database products and consultancy services. A five star rating puts the product in the top 10 per cent of policies.
2 Customers must undergo medical screening and additional premium may apply
3 Individual item limits apply
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About AXA
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe , North America and the Asia/Pacific area. AXA had € 1,091 billion in assets under management as of June 30, 2006 , and reported total revenues of € 41 billion and underlying earnings of € 2,090 million for the first half of 2006.
AXA ordinary shares are listed on the Paris Stock Exchange; AXA American Depositary Shares (ADSs) are listed on the NYSE under the ticker symbol AXA.