MGA secures long-term capacity from Axa for property scheme

MGA Commercial Express has secured a new long-term capacity agreement with Axa.

The deal will see Axa provide additional capacity for Commercial Express’ commercial property owners’ scheme.

The MGA said that the agreement marked “a significant step in the ongoing growth and development of its product offering”.

Joel Markham, director of schemes and delegated authorities at Axa UK, added: “We are delighted to be entering into a long-term partnership with Commercial Express on its property owners panel. At Axa, we believe in building lasting partnerships with expert scheme providers who are committed to sustainable, long-term value.”

“By empowering Commercial Express’s strategies with Axa’s underwriting expertise and backing, we aim to help them realise its strategic ambitions and continue delivering for its clients and brokers across the UK.”

Other deal

Commercial Express also announced that it had secured a capacity agreement with Carbon Underwriting, with the MGU providing support for the MGA’s residential property owners’ book.

Claire Turner, property underwriter at Carbon Underwriting, said: “Carbon Underwriting have been truly impressed by Commercial Express, its drive, its people and its passion for delivering real value to clients.

“Its proactive approach in the UK market space sets them apart and we’re excited to build on this together.”

Managing director at Commercial Express, Duncan Pritchard, added: “Securing capacity from Axa and Carbon Underwriting is a significant endorsement of the strength of our proposition and our approach to scheme management.

“We’re delighted to be working with partners of Axa’s and Carbon Underwriting’s calibre and look forward to successful and collaborative journeys ahead.”