French insurer AXA has added AXA Brexit cover to its management liability product range. This is in preparation for the UK’s departure from the EU bloc next year.
The new offering will cover claims resulting from Brexit. This applies to directors’ & officers’ liability (D&O) as well as company legal liability (CLL).
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AXA Brexit cover
At the same time, customers will gain free access to advice from rradar, the legal partner of AXA.
AXA head of management liability Callum Taylor said: “Businesses in the UK are increasingly concerned about the regulatory impact of the UK leaving the EU.
“We want to give our customers confidence that AXA is behind them in these uncertain times. We are constantly adapting our policies to meet the new challenges being thrown at UK businesses.”
Moreover, AXA currently offers cover of up to £10,000 for third-party and telephone fraud. It also offers up to £25,000 against personal tax investigation expenses.
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By GlobalDataLast month, AXA XL secured the in principle nod from the Irish central bank to move its EU unit XL Insurance Company SE (XLICSE) from the UK to Ireland. The move was to ensure continuity post Brexit.
