Axa sees slump in UK commercial and motor revenue

Axa today reported that its motor and commercial revenue had fallen in the first half of 2005 in the UK and Ireland.

The insurer said revenue (excluding AXA Direct, but including health) was up 1% (from £1.57bn in H1 2004 to £1.58bn in H1 2005) despite “the impact of a softening market in commercial”. Axa added

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