AXA XL Insurance has appointed Matthew Waters to the new role of Head of US Middle Market.
Based in Boston, Waters will report to Joe Tocco – AXA XL’s CEO of the Americas.
Within this new role Waters will build out AXA XL’s target middle market client offering, as well as leveraging the company’s strength in underwriting, data, risk consulting and claims handling to deliver tailored solutions for these identified businesses.
All in all, Waters brings more than 20 years of middle market underwriting management experience. Over the course of his career, he has also demonstrated leadership across various and diverse property & casualty segments including Construction and Energy.
He joins AXA XL from Liberty Mutual, where he most recently served as EVP, General Manager for Liberty’s Middle Market business, along with managing approximately $1B nationwide P&L, CUOs and Division Vice Presidents for Middle Market Underwriting.
In addition to his management responsibilities, he also served as an executive sponsor for several Employee Resource Groups including Men as Allies.
Addressing Waters’ appointment, Tocco, said: “In the US, AXA XL’s market leadership in the large commercial, financial lines & specialty insurance segments is well-established. Extending our presence in the adjacent middle market businesses in the US is a clear opportunity.
“When we speak about middle market, we are referring to those companies with operations that require expert underwriting, claims, and risk services. Off-the-shelf products and services generally do not meet their needs.
“We’re excited to have someone with Matt’s experience and track record to help us determine how we can better serve this important market segment which, we believe, would benefit from AXA XL’s expertise and capabilities.”
