AXA XL Insurance has announced the appointment of Adele Smith as the Head of Mid-Market Generalist. She will be based in New York, and report to AXA XL’s Head of U.S. Mid-Market Matt Waters.
This announcement is in line with AXA’s plans for the next phase of its targeted U.S. Mid-Market insurance business launch.
In this role, Smith’s remit will include building the underwriting unit providing multi-line property and casualty insurance for mid-sized generalist businesses in the US.
Commenting on the appointment, Waters, said, “In the U.S., we’ve taken a very targeted approach in launching our Mid-Market capabilities. Having launched our Private Equity business successfully on July 1, I’m very proud of the team’s progress and the market excitement it’s generated. Now, while maintaining our focus on target industries, relationships, and account level quality, we’re excited to bring Adele on board to further expand our capabilities.”
Smith joins AXA XL from CNA where she currently manages a $500m P&L for mid-market business out of New York. She has been in the mid-market business throughout her career with experience at both Hartford and Crum & Foster.
Waters added, “With her emphasis on the market, proven leadership and attention to disciplined growth, along with her deep broker partnerships with our largest trading partners in the Northeast, Adele will help us take this next step as we continue to build out our team, initiate generalist capabilities and continue to scale up our mid-market business.”
AXA XL’s Mid-Market team is actively building out AXA XL’s targeted mid-market client offering in the U.S., leveraging its strength in underwriting, data, claims handling and global capabilities.
