AXA XL, the property & casualty and specialty risk division of global insurer AXA, has promoted Libby Benet to Global Chief Underwriting Officer (CUO).
Benet takes over as Global CUO from Nancy Bewlay, who was recently named as its new Chief Executive of Reinsurance.
She first joined the company in 2020 as Chief Underwriting Officer for Cyber, where she was responsible for closely monitoring the cyber risk portfolio and exposure from an aggregated global product view.
When AXA XL executed its new operating model, Benet’s role expanded as she took on Global CUO responsibilities for all financial lines, including cyber.
Prior to AXA XL, Benet managed her own consultancy where she assisted insurance company clients in both the development and implementation of new products, and consultation on the set up of underwriting and claims systems and feedback on reinsurance buying. Earlier in her career, she also held positions with Beazley, General Reinsurance, and Zurich.
Scott Gunter, AXA XL’s Chief Executive Officer (CEO), commented: “Given the GCUO’s responsibility for underwriting governance, pricing, risk aggregation and global product strategy, this is a big role to fill, and Libby is well prepared for it.
“Libby has done an impressive job working with our regional underwriting teams to support their disciplined underwriting, improve pricing, and manage our aggregate exposure in support of our profitable growth. Libby’s proven leadership, market insight and portfolio management experience will continue to prove valuable in her new expanded leadership role.”
