AXA XL has created a new business unit dedicated to prevention, establishing a fifth division alongside Americas, APAC & Europe, UK & Lloyd’s and Reinsurance, in a move that reportedly underscores the firm’s commitment to risk insight and closer client partnership.
The new unit will be led by Libby Benet, currently AXA XL’s Global Chief Underwriting Officer.
Benet joined AXA XL in 2020 as Chief Underwriting Officer for Cyber, before being appointed to Global Chief Underwriting Officer in 2022.
Before joining AXA XL, she managed her own consultancy and, over the course of her career, has held leadership positions at Beazley, General Insurance and Zurich.
According to AXA XL, the new business unit will combine advanced data, analytics and technology with its risk engineering and advisory expertise to deliver innovative solutions that help businesses address today’s most pressing risks, including climate, supply chain disruption, cyber threats and operational resilience.
Scott Gunter, CEO of AXA XL, commented, “Prevention must be at the heart of how we support our clients. That is why we are making services a core part of our offering.
“The launch of this business unit marks an important step. By expanding our services capabilities, we are strengthening how we support our clients and positioning AXA XL for the future.
“Libby’s deep underwriting expertise, global perspective and client focus give her a clear vision to shape and scale this business.”
Benet added, “Our clients are looking for more than risk transfer—they want partners who can help them anticipate, prevent and mitigate risk. This business unit allows us to build on what we already do well, deepen our engagement with clients, and better integrate prevention and risk insights into how we serve them globally.”
