Global Insurance Management, the insurance solutions provider, has been acquired by the Axa Group.
John Gilbert, managing director of Global, said: “Having worked in partnership with Axa for almost 40 years, developing tailored insurance products for clients across the UK and in more than 39 countries overseas, an acquisition by Axa Assistance is the next logical step for Global.”
“Axa is a worldwide leader in insurance with a high profile presence in more than 56 countries. By becoming part of the Axa Group, we not only guarantee a continuity of the superior product development the well-known brands we work with have come to expect, but also expand our opportunities and can deliver new and innovative solutions to additional markets internationally.”
Corinne Vitrac, managing director of Axa Creditor, said: “We were looking for a recognised partner, a market leading administration platform specialising in mechanical breakdown and GAP with international tools and experiences to reinforce our capabilities towards car manufacturers and to meet the ambitious objective of the group.
“This operation will enable us to offer wider insurance solutions to accompany existing and future clients on broader scope”
In the last 10 years alone, Global has seen business operations grow to in excess of £40 million GWP annually, while gaining a list of high profile clients across the motor, manufacturing, banking, finance and affinity markets.