AXA XL scoops up London-based insurance agency

AXA XL scoops up London-based insurance agency | Insurance Business

AXA XL scoops up London-based insurance agency

AXA XL has announced that it has completed the acquisition of Secure Legal Title Limited, a London-based insurance agency and Lloyd’s-approved coverholder. Founded in 2012, Secure Legal Title has major operations in the UK, Europe, India and the Americas.

Secure Legal Title provides insurance for legal risks in property transactions and mortgage finance. Its products include title insurance, legal indemnities, and title-to-shares insurance for real estate M&A transactions.

AXA XL has also announced that it has agreed to acquire Armour Secure Insurance (ASI), a Mexican title insurance company affiliated with Secure Legal Title.

“With this transaction, Secure Legal Title builds on its long relationship with AXA XL and its insurers, as well as with Lloyd’s in London and in Brussels,” said Sean Dalton, co-founder and chairman of Secure Legal Title. “There are natural synergies between AXA XL’s property and casualty business and Secure Legal Title’s real estate business, and we are confident that our clients will benefit from access to AXA XL’s infrastructure and additional capacity.”

“We are delighted to officially welcome our Secure Legal Title colleagues to AXA XL,” said Stephen Ashwell, chief underwriting officer for crisis management and special risks at AXA XL. “Secure Legal Title will continue to operate under its brand and will be managed by its co-founders, Sean Dalton, Joel Peck and Jean-Bernard Wurm. We expect that the combination of their market-leading expertise with AXA XL’s additional capacity, global network presence and resources will enable Secure Legal Title to further strengthen its position in this specialized marketplace and present a more attractive proposition to clients of theirs and ours.”