Axa has launched a brand new commercial motor package as part of its review of insurance products following last May's acquisition of Guardian Royal Exchange.

Following the GRE buyout, Axa decided to overhaul the entire portfolio of commercial products from both companies to create a best of breed product. The review involved consultation with customers and a number of modifications to individual products were made.

New customers will benefit from the changes as of this month while existing policies will be updated as they come up for renewal from January 1, 1999.

The new product called "Motor Trade Combined Insurance" will come on to the market at the beginning of next year.

Other products, combining the best features of existing policies offered by the two companies, have been launched including business plan plus; goods carrying vehicle; agricultural vehicle; special types vehicle and goods in transit-haulage contractors.

Another policy, Property Protection Plan, has been rebranded Property Investors Protection Plan.

"We are confident that the new product range will cater for all commercial insurance needs," said Axa Insurance commercial and intermediary lines director Mark Cliff.

"But we are by no means looking at this as the final range of products.

"We will continue to talk with our customers to make sure that we are offering them the best possible service," he added.