AXA Insurance Gulf has signed an agreement with AXA Corporate Solutions to further its strategic ambition to grow significantly in the marine and large risks insurance and risk management sectors.

With AXA Corporate Solutions' support, it aims to become the region-wide leader in large risks insurance and strengthen its premier cargo insurance status offering world-class insurance products and services, said a report in our sister publication, the Gulf Daily News.

AXA Corporate Solutions will work jointly with AXA Insurance Gulf's local operations developing insurance offerings for marine cargo, yacht and large commercial risks through its intermediary network and existing customer base.

"This new and exciting initiative will add significantly to the scope of products and services AXA Insurance Gulf offers to the market," said head of AXA Corporate Solutions Toby Sizeland.

"We are building a new team with AXA Corporate Solutions specialists and will have support from expert AXA Marine risks teams around the world."

AXA Corporate Solutions is a 100 per cent AXA Group owned company with an AA rating by Standard &Poors. - TradeArabia News Service