• AXA adds Brexit cover to its Management Liability product

    November 13th 2018. Posted in Insurance

    • Brexit cover includes D&O and Company Legal Liability claims
    • AXA customers need certainty in times of uncertainty
    • The revamped policy gives free access to legal advice
     

     

    AXA has upgraded its Management Liability product to include Brexit cover.

    Claims arising from the UK’s exit from the European Union will be covered for both Directors’ & Officers’ Liability (D&O) and Company Legal Liability (CLL).

    Policyholders needing guidance, related to Brexit or not, get free access to expert advice from our legal partner rradar.

    “Businesses in the UK are increasingly concerned about the regulatory impact of the UK leaving the EU. We want to give our customers confidence that AXA is behind them in these uncertain times. We are constantly adapting our policies to meet the new challenges being thrown at UK businesses.” [Callum Taylor, Head of Management Liability]

    Management liability insurance covers the costs of defending a business and its senior managers against legal and regulatory actions.

    Brexit claims might arise when the regulatory landscape changes, affecting enforcement of existing or new EU or UK legislation in areas such as health and safety, food hygiene, trading standards, data protection and the environment.

    Other MLP enhancements include personal tax investigation costs (up to £25,000) and third-party and telephone fraud cover (up to £10,000)

    The upgraded MLP cover, available now, is part of a continuous effort to keep AXA policies in tune with customer needs. Last year, AXA also revamped its motor trade SME product and its hotels, hospitality and leisure proposition as part of a shake-up of its mid-market Vantage policies.

    Media Contacts 
    Notes for Editors 

     ABOUT THE AXA GROUP

    The AXA Group is a worldwide leader in insurance and asset management, with 165,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. In 2016 Interbrand ranked AXA the 1st insurance brand worldwide for the 8th consecutive year.

    In the UK AXA operates through a number of business units including: AXA Insurance, AXA PPP healthcare and AXA Ireland. AXA employees around 10,000 staff in the UK.

    The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

    The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

    It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

     Corporate Responsibility strategy: 

     axa.com/en/about-us/strategy-commitments 

     SRI ratings: 

     axa.com/en/investor/sri-ratings-ethical-indexes  

    Legal Notes 

    IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

    Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and AXA’s plans and objectives to differ materially from those expressed or implied in the forward looking statements. Please refer to Part 4 - “Risk factors and risk management” of AXA’s Document de Référence (Annual Report) for the year ended December 31, 2016, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.