AXA XL Insurance, a division of global insurer AXA, has named Stéphane Vauterin as Underwriting Manager, International Financial Lines for France, based in Paris.
He joins the company from Zurich Insurance where he held numerous senior financial lines underwriting roles, and brings more than two decades of industry experience to AXA XL Insurance.
Commenting on the appointment of Vauterin, AXA XL Insurance’s Country Leader for France, Julien Guénot, said: “As a major provider of financial lines insurance globally, we support our French clients with a full suite of specialised solutions from Directors and Officers insurance to Mergers and Acquisitions and Cyber.”
“The recent increase in Directors and Officers claims, particularly in the large corporate segment, led to tension in that market. French clients and their brokers are, as a result, turning to insurers to help them navigate these developments.”
Prior to spending more than 19 years with insurer Zurich, Vauterin worked at GlaxoSmithKline for the best part of four years in numerous different roles.
Simon Fumagalli, Underwriting Manager, International Financial Lines – Europe at AXA XL, added: “Directors and officers of international companies face heightened risks as claims against them have spiked, driven by a combination of regulatory activity, third-party litigation funding, collective redress action in European Union, #MeToo and recessionary threat. I am delighted that Stéphane has joined the team; he will play a key role in helping our clients navigate those evolving risks.”
