ASA Insurance Services is looking to expand its panel of insurers to kick-start new business.

Markerstudy Group bought ASA from AXA in December last year. ASA currently offers motor cover through showrooms and motor retailers. It provides three-year motor policies at the point of sale. AXA is underwriting old business and Markerstudy underwrites new business.

ASA chief executive Simon Clayton said it was planning to talk to AXA about increasing the panel. "It would be nice to offer a wider scope and appeal to more people in the market," said Clayton. "We would like to try to open up the portfolio."

Clayton was appointed chief executive last month after being managing director of White Horse Insurance Ireland, the MyTravel Group captive.

He said: "My aim, along with writing consistently profitable business, is to develop a far wider product base."