AXA XL’s Primary Casualty Business has appointed both Mark Benz and Joseph Davina to lead the newly created Group Captives unit.
Both Benz and Davina will be based in New York and will report to Chris Kopser – President and CUO Primary Casualty, Americas.
Benz takes on the role as Head of Group Captives Primary Casualty Americas – Group Captives, where his primary responsibility will be to lead the Group Captive portfolio including oversight of the underwriting, operations, distribution and overall performance of the unit.
Benz joins AXA XL from AIG where he most recently served as Head of Captive Solutions. Overall, he brings nearly two decades of industry experience towards his new role.
Meanwhile, Davina, takes on the role of Underwriting Manager, Primary Casualty Americas – Group Captives, where he will be responsible for managing the day-to-day underwriting of the team and will focus on maximizing the underwriting and operations expertise within both casualty and the group captive business.
With sixteen years of industry experience, Davina has previously led captives and multinational underwriting teams and has also served as lead underwriter for energy and casualty lines at AIG.
Commenting on the launch of the new unit, Kopser said: “As we continue to grow and diversify our US Risk Management portfolio, we see great opportunity in underwriting open broker multi-line group captives. Mark and Joe’s combined experience in the captives space will be an exceptional asset to the broader primary casualty and captives teams who are currently supporting our growing list of clients in the space.”
“The new unit and appointments recognize AXA XL’s continued support for our clients who desire utilization of captive insurance companies and further enhances our leadership in the captive industry,” added Steve Bauman, Global Programs and Captives Director, Americas.