Two new contracts cover commercial and residential property owners insurance

Commercial underwriter Evolution Underwriting has signed an arrangement with Axa Insurance for the provision of property owners insurance to its panel of brokers. The two new contracts were launched on April 1 covering both commercial and residential property.

The products cater for risks of all sizes from individual properties to large portfolios.

Commenting on the news Paul Upton, chief underwriting officer said: “We are delighted to be able to announce this tie up. Axa is an established player with an excellent reputation in this sector and a market leading product. Evolution brings a unique slant on distribution and outstanding operational trading capability so it’s an exciting opportunity for both parties. This represents another way for our carefully selected panel of independent regional brokers to share in Evolution’s process efficiencies.”