Axa confirms Swiftcover buy
AXA UK announced today that it is to acquire the UK’s only 100% online insurer, swiftcover.com, jointly owned by international insurer Primary Group and Swiftcover’s management. The transaction is subject to the satisfaction or waiver of certain conditions including regulatory approval.
Swiftcover.com had net inflows of 120,000 policies in 2006.
Peter Hubbard, chief executive of Axa Insurance, said: “We are extremely pleased to have agreed terms for the purchase of Swiftcover, which
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