News

Nationwide expands AXA repair deal

06 December 2007 08:07:00

Crash repair specialist Nationwide Accident has agreed a significant extension to its existing contract with French group AXA Insurance.

"Under the terms of the new contract, Nationwide will undertake a greater volume of vehicle repairs for AXA across a number of geographical territories," it said Thursday.

The new deal, to be phased in over time, is expected to generate revenues on an annualised basis of around £6m.

"The anticipated increase in repair volumes will help to underpin Nationwide's current growth projections for the next financial year to 31 December 2008," said the firm.

Nationwide, which has provided accident repair services to AXA for over 10 years, said it remains in ongoing talks regarding further site acquisitions to provide additional capacity.

"It is increasingly apparent that quality repair capacity is in demand and we are working hard to ensure that we have sufficient capacity to fulfil our customers' requirements," said Nationwide boss Michael Wilmshurst.

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