Peter Welton has been promoted to UK Head of Energy at AXA XL, succeeding Luis Prato, who was named Chief Underwriting Officer (CUO) for UK Legal entities earlier this year.
In his new role, Welton takes responsibility for developing the UK energy book and providing and designing innovative insurance and flexible solutions for AXA XL clients. Based in London, Welton will lead a team of energy underwriters.
In 2000, Welton secured a place on the Marsh Graduate Scheme, and stayed with the broker for five years, before joining the Non-Marine Direct and Facultative Property division at Catlin Underwriting Agencies, which is now AXA XL. For the next ten years, Welton held numerous underwriting roles within the energy sector, and was then promoted to Senior Class Underwriter for Downstream Energy and Power in 2016.
Huw Jones, CUO for Global Energy at AXA XL, said: “The global energy market is currently undergoing a period of transformation. Having the right team in place is an integral part of our commitment to our clients, as they manage the associated risks today and in the years ahead.
“I am delighted that Peter will be taking on the role of UK Head of Energy and have every confidence that his high level of technical expertise and knowledge will further strengthen our UK Energy business. His promotion is also a demonstration of the depth of talent we have at AXA XL.”
