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Fortis Insurance teams up with UKU replacing Axa

Fortis Insurance is to replace Axa as the chosen provider for UK Underwriting in a new five-year deal.

The partnership, worth £50m in annual gross written premiums, sees Foris Insurance underwrite UKU’s product range, including home products, travel products and event insurance.

Fortis UK chief executive officer Barry Smith says: “This significant new deal supports our strategy in the UK to further widen our distribution channels and broaden our product width.

“I am confident that we will continue to grow and develop UKU’s business in their core markets, further enhancing and innovating the combined proposition. This is another example of our desire to invest and grow our business in the UK.”


Dicing distribution

Standard Life is the latest life office to slash staff in its IFA distribution division, following Legal & General’s redundancy announcement last month.


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