AXA XL, the P&C division and specialty risk division of AXA, has appointed Lee Hayzelden as Head of Upstream Energy, UK & Lloyd’s.
In his new role, Hayzelden will lead AXA XL’s Upstream Energy team, covering both offshore oil & gas and offshore renewable wind risks.
In the role he will be based in London, where he will further develop the well-established Upstream Energy book, further expanding on AXA XL’s energy transition proposition.
Hayzelden brings has over two decades of experience across the London insurance market towards his new role. This includes 14 years of service at reinsurance giant Swiss Re, where he held a number of positions including Head of Energy Offshore.
In his most recent role, Hayzelden served as Chief Operating Officer, Offshore Energy & Marine at RiskPoint.
“Upstream energy remains a strategic part of AXA XL’s energy portfolio and plays a key role in our energy transition offering. As a leader in this market, we’re committed to supporting our clients as they transition to a low-carbon economy,” commented Nicola Harris, Head of Energy, UK & Lloyd’s at AXA XL.
“I’m delighted to welcome Lee to AXA XL. His significant knowledge of underwriting upstream energy risks – and more recently, offshore renewable wind – will further support our ambitions within the energy space, including broadening our existing portfolio.”
Meanwhile, AXA reported a year-on-year rise in total GWP and other revenues of 2% to €55.7 billion for the first half of 2023, driven by 7% growth at AXA XL.
