AXA XL has announced the appointment of Peter Welton as Chief Underwriting Officer, Marine, Energy & Aerospace, UK & Lloyd’s market.
Welton will look to develop and execute the underwriting strategy for the UK marine, energy & aerospace books and optimising product offering and profitability.
The new role will see him lead a team of underwriters in London.
Luis Prato, Chief Underwriting Officer, UK & Lloyd’s at AXA XL, commented, “I’m delighted that Peter will be taking on responsibility for our London-based marine, energy & aerospace business, which is an important part of our operations in London.
“Having the right team in place is an integral part of our commitment to support our clients as they manage the risks they face today and in the future.
“Peter has excelled in his role as UK Head of Energy and has built up a strong reputation both within AXA XL and the wider insurance market.
“His high level of technical expertise and knowledge will further strengthen our proposition and help to ensure we are the insurance partner of choice in this important region. His appointment is also a demonstration of the depth of talent we have at AXA XL.”