AXA XL, the property & casualty and specialty risk division of global insurer AXA, has named Nancy Bewlay as its new Chief Executive Reinsurance, taking over from Charles Cooper.
Bewlay brings more than three decades of industry experience to the role and has held numerous senior roles at XL Catlin and then AXA XL. In her new position, Bewlay will lead the company’s reinsurance business.
Most recently, she served as Global Chief Underwriting Officer (CUO), where she was responsible for AXA XL’s underwriting governance, pricing, and P&L globally. Bewlay joined the firm in 2017 as Global CUO for Casualty.
Earlier in her career, she served as Head of Underwriting for Casualty at reinsurance giant Swiss Re, where she led the underwriting and actuarial treaty teams in the U.S. and Canada. Bewlay also held the role of President and CEO of C.V. Starr & Company (California) from 2011 to 2013.
Effective immediately, Bewlay assumes the Chief Executive Reinsurance role from Cooper, who has decided to step down after more than 20 years as a senior executive in the firm’s reinsurance operation.
Scott Gunter, AXA XL’s Chief Executive Officer (CEO), commented: “I am delighted that Nancy will be taking on a new role in my team leading our Reinsurance business. We have an extremely talented team across reinsurance and there is real opportunity to grow profitability in this market. Nancy is an accomplished leader and her extensive experience in portfolio management, underwriting governance and pricing will ensure the continued performance of our reinsurance book.
“I would like to take this opportunity to warmly thank Charles for his dedication and pragmatism in leading our reinsurance business, he has played an important part in our AXA XL journey, and we wish him the best for the future.”
