AXA UK partners with Lloyds Bank

AXA UK has entered into a five-year partnership with Lloyds Banking Group, making AXA the exclusive provider of motor insurance products under Lloyds Banking Group’s brands: Lloyds, Halifax, and Bank of Scotland.

As part of the partnership, AXA UK will become the exclusive underwriter of car and van insurance for Lloyds Banking Group customers. Currently, motor insurance under Lloyds Banking Group is provided by a panel of insurers.

As of 2023, the banking group had 27 million customers.

“I’m excited to announce our collaboration with Lloyds Banking Group as we come together to deliver on meeting the evolving needs of our customers. This partnership solidifies our commitment to the UK personal lines market and supports the growth of our business. It’s great news for both our customers and intermediary partners, and we look forward to launch in May 2025.” – Alain Zweibrucker, CEO of AXA Retail.

“Peace of mind from a quality policy at the right price is what our customers want, and, working together with AXA, we’ll be enhancing our cover and offering greater choice to drivers for insurance that best suits their needs.” – Jeremy Ward, general insurance director at Lloyds Banking Group.