AXA XL Insurance has announced the promotion of Steven Farr to Global Head of Upstream Energy, effective immediately.
In his new role, Farr will be tasked with leading the firm’s Global Upstream Energy team, based in London. He will be responsible for developing the Upstream Energy book, expanding on and delivering underwriting strategy and product profitability.
“Upstream Energy is an integral part of AXA XL’s business, and having the right team in place is central in supporting our clients as they navigate the wide spectrum of traditional and emerging risks faced by this sector,” said Huw Jones, Chief Underwriting Officer (CUO) for Global Energy, AXA XL.
Farr started his career in 2002 in claims at Liberty Syndicates. In 2003, he moved to Wellington Underwriting and joined Catlin Underwriting Agencies (now AXA XL) in 2007 after the acquisition of Wellington. In 2012, he was appointed Energy Class Underwriter at AXA XL.
“I’m delighted that Steve will be undertaking the role of Global Head of Upstream Energy. He has considerable experience of underwriting upstream energy risks and has built up a stellar reputation in the market thanks to his close relationships and technical expertise.
“Steve’s appointment is a testament to the talent we have within the Global Energy team here at AXA XL; I have every confidence he will succeed in this new role and continue to be a strong partner to our clients and brokers across the world,” said Jones.