AXA XL has wrapped up the takeover of Secure Legal Title, a UK-based insurance agency and Lloyd’s coverholder, for an undisclosed sum.

Secure Legal Title was established in 2012. The company operates in the UK, India, Europe, and the Americas.

The acquired entity offers insurance products to cover legal risks in property transactions as well as mortgage finance.

Additionally, Secure Legal Title provides legal indemnities, title insurance, and title to shares insurance for mergers and purchase transactions in the real estate industry.

Separately, AXA XL has agreed to purchase Armour Secure Insurance (ASI), a Mexican title insurance firm affiliated with Secure Legal Title.

Founded in 2008, ASI provides title insurance and escrow services for institutional as well as residential clients in Mexico.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AXA XL crisis management & special risks – chief underwriting officer Stephen Ashwell said: “We are delighted to take this first step towards acquiring Armour Secure Insurance. Armour Secure Insurance will continue to operate under its brand for the time being.

“We expect that the combination of their market-leading expertise and experience with AXA XL’s additional capacity and resources will enable Armour Secure Insurance to further strengthen its position in the Mexican marketplace and present a more attractive proposition to clients of theirs and ours.”

In September, AXA XL – the property & casualty (P&C) and specialty risk division of insurance giant AXA – partnered with Accenture to provide cybersecurity services to underwriters, brokers and clients.