AXA XL, the property, casualty, and specialty risk division of AXA, has announced the appointment of Michael Reynolds as Head of Marine, UK & Lloyd’s and Global Chief Underwriting Officer for Hull.
Reynolds will be based in London, and will start his new position in the third quarter of 2026.
The executive will leverage his over forty years London market experience in both underwriting and broking roles, to develop, execute and manage the underwriting strategy for the UK & Lloyd’s Marine business.
He will also be responsible for setting and overseeing the strategy for AXA XL’s Global Hull book of business.
Neil Cole, Global Chief Underwriting Officer, Marine at AXA XL, commented: “The International Union of Marine Insurance Stats Report for 2025 valued hull premiums at USD9.67 billion in 2024, up by 3.5% on the previous year continuing an unbroken growth trend since 2021.
“However, it isn’t without its challenging dynamics, ranging from larger vessel sizes, the transition to net-zero and exposure to high-risk zones. Mike’s experience positions him well to ensure our global hull products align to our clients changing needs.”
Reynolds joins AXA XL from Lockton where he was Partner, Head of Marine for London and Member of the Global Marine Executive. Prior to Lockton he was Deputy Head of Marine at Chubb.
Throughout his extensive career he has also held roles at ACE, The Navigators Group, Cigna and Commercial Union.
Louise Nevill, Chief Underwriting Officer Specialty, UK & Lloyd’s at AXA XL, said: “Michael is an experienced leader, with technical acumen and the strategic and operational skills to ensure thoughtful and profitable growth across our marine business.
“He is very well thought of in the market, we look forward to him joining and further enhancing the high-quality products and services we offer to clients and brokers.”
