• AXA Commercial creates new director role and structure to enhance broker trading capabilities

    May 8th 2018. Posted in Corporate

    AXA Commercial has appointed former Arista MD, Nick Watson, as Director of Commercial Distribution and Trading.

    • All broker trading contact points brought together
    • New role of Director of Commercial Distribution and Trading created
    • New Head of Mid-Market appointed

    The new role has responsibility for broker marketing, development, the branch network and strategic partnerships. Bringing these broker touch points under a single point of ownership will allow AXA to deliver enhanced cohesion to its broker distribution strategy in the UK commercial market.

    Nick joins AXA’s Commercial Leadership Team having spent the past 20 years in senior roles in the insurance industry and brings with him a wealth of experience across distribution, product development, operations and relationship management.

    In addition, Douglas Barnett, Head of Customer Risk Management, will take on further responsibility as Head of Mid-Market as the business continues to grow and develop its mid-market proposition with dedicated risk management capability at the heart of it. This is an area of the market that Douglas knows well and has worked within across his 16 years with AXA.

    “Over the last five years, AXA Commercial has grown and developed relationships to become a key part of most broker’s commercial offering. With over £1.1bn in GWP, a well-established, UK-wide branch network and propositions that cover the breadth of the commercial market, we need to ensure that we are not only offering brokers the best today, but can continue to do so in the future.

    “That’s why I have brought Nick in and placed a number of the key trading levers in his control. He has a great track record in broker distribution and I look forward to welcoming him to the team and working with him to build our distribution strategy for the future. I am also delighted to promote Douglas and ensure under his direction we continue to develop our Mid-Market proposition and maintain the growth momentum we have built in this core market segment. [Jon Walker, Executive Managing Director, AXA Commercial]

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    ABOUT THE AXA GROUP

    The AXA Group is a worldwide leader in insurance and asset management, with 165,000 employees serving 105 million clients in 64 countries. In 2017, IFRS revenues amounted to Euro 98,5 billion and IFRS underlying earnings to Euro 6.0 billion. AXA had Euro 1,439 billion in assets under management as of December 31, 2017. In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA PPP healthcare and AXA Ireland. AXA UK & Ireland employs around 10,000 staff. 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.

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    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.