Kingsway acquires AXA fleet business

TORONTO, Ont. – Kingsway Financial Services’ Kingsway General Insurance Co. subsidiary has acquired renewal rights for AXA Canada’s portfolio of long-haul fleet insurance.

Terms of the agreement weren’t disclosed, although AXA Canada’s business with fleets of 10 or more vehicles produced $23 million in premiums in 1999. The addition boosts the Kingsway fleet portfolio to about $80 million in premiums.n

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