P&C revenues rise at Axa despite underwriting cutbacks
French insurer Axa has reported a 0.7 percent lift in property and casualty (P&C) insurance revenues to EUR21.4mn for the first nine months of 2010, with growth in personal lines offsetting a decline in commercial business.
Commercial P&C revenues dropped 3.8 percent as Axa made underwriting cutbacks, including exiting certain property accounts in the UK.
Prices in the commercial segment rose by an average of 2 percent for the nine months on a slight acceleration in rising P&C prices during...
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