Slade Edwards Insurance Brokers has transferred its exclusive insurance scheme for the mobile catering industry to AXA Commercial Lines & Personal Intermediary.
The scheme, which provides insurance for ice cream, sandwich and burger vans and other catering vehicles, is expected to produce in excess of £2m premium over the next three years and came about in part as a result of AXA’s relationship with Broker Network.
The deal, which takes effect on 1st April, follows Ecclesiastical’s decision to exit the broker motor insurance market.
Anthony Birch, Managing Director at Slade Edwards, comments: “We’re really excited at the prospect of working with AXA. With our long-standing knowledge of this sector of the motor market and AXA’s experience and expertise, we’re confident that we can build on the success we have achieved so far and grow the profitability of this scheme. We’ve already taken the opportunity to explore new avenues and complement the current scheme further with the introduction of a facility for catering trailers and associated liability covers.”
Karen Osborne, Branch Manager at AXA’s regional office in Leeds, comments: “We’re delighted to be able to support Anthony and his team at Slade Edwards. We’re open to considering any type of risk no matter how niche or unusual purely on its merits. The decision comes down to whether we believe that we can build a mutually profitable relationship. This particular book of business has experienced healthy growth and we believe that working in partnership with Slade Edwards, it can achieve its full potential.”
She concludes: “Brokers may not have thought of approaching AXA for this niche type of scheme in the past, but this deal reaffirms that we are absolutely open for business and happy to sit down with brokers to discuss risks across a broad landscape.”
