Reinsurance News
AXA XL
AXA XL launches Disaster Recovery Hub with Cambridge Centre for Risk Studies
19th November 2021
AXA XL has launched a new online Disaster Recovery Hub comprised of more than 100 major disaster case studies in partnership with the Cambridge Centre for Risk Studies at Cambridge Judge Business School. The Hub includes data visualisations and other tools to assess the role the insurance industry can play in ... Read the full article
AXA XL promotes Olivia Shing
16th November 2021
AXA XL, the property & casualty and specialty risk division of global insurer AXA, has announced that Olivia Shing is to relocate from Singapore to London to assume the role of Head of Underwriting Management, UK & Lloyd's. Shing's promotion is effective immediately and sees her take on responsibility for supporting ... Read the full article
AXA XL launches Coastal Risk Index to map future flood hazards
8th November 2021
AXA XL launched the Coastal Risk Index (CRI), an innovative tool that maps current and future flood hazard resulting from climate change and integrates the protective benefits of coastal ecosystems into insurance risk models. The CRI has been developed in partnership with AXA’s scientific partners, IHE Delft (Netherlands) and University of ... Read the full article
AXA reports total revenues of €76bn, strong price increases at AXA XL
5th November 2021
Global insurer and reinsurer AXA has reported a 7% rise in revenue to €76 billion for the first nine months of 2021, supported by growth of 5% within its property and casualty (P&C) operation. Within P&C, AXA has reported revenue expansion to €38.5 billion for the first nine months of the ... Read the full article
AXA XL adds Trinity Pong to Shanghai reinsurance team
27th October 2021
Trinity Pong has joined the AXA XL Reinsurance Asia Team in its Shanghai office as a Senior Underwriter. Pong has spent the previous nine years at Peak Re in Hong Kong. Most recently, she served as a Vice President for Markets, before which she was a Vice President for Analytics. Prior to this, ... Read the full article
AXA XL appoints new east coast environmental insurance lead
22nd October 2021
AXA XL's environmental insurance business has appointed Joseph Madigan to lead its east coast business, with Tim Chung stepping into Madigan’s previous role as head of environmental for the central region. Madigan now assumes underwriting management responsibility of the organisation's largest region, working with brokers and clients all along the East ... Read the full article
AXA XL adds senior underwriter to war, terrorism & political violence team
22nd October 2021
AXA XL has appointed Francisco Arias to its crisis management and specialty risk business as senior underwriter for war, terrorism & political violence. Based in Atlanta, Arias reports to Morgan Shrubb, Head of terrorism in the US. He will now will be responsible for upholding a high standard of business while implementing strategy ... Read the full article
AXA XL appoints Danielle Roth to lead North American cyber claims
21st October 2021
AXA XL has announced the appointment of Danielle Roth as Practice Leader and Head of Cyber Claims, North America. Roth will be responsible for developing and implementing the segments’ claims strategy and best practices, as well as coverages analysis, claims investigations, reserving and resolution of claims. She has 10 years of Cyber ... Read the full article
AXA XL North America Construction team makes promotions
13th October 2021
AXA XL's North America Construction business has promoted three within its Subcontractor Default Insurance business, including the appointments of Cyrus Manekshaw and Ian Sadler to Underwriting Directors and Cheri Hanes to SDI Construction Risk Engineering Manager. In their new Underwriting Director roles, Manekshaw and Sadler will be responsible for maintaining the ... Read the full article
AXA XL’s Xamira Groves to lead Chaucer’s insurance business
11th October 2021
Specialty re/insurance group Chaucer has, in an effort to bolster expansion efforts, added Xamira Groves from AXA XL as head of insurance. Groves will oversee the delivery of strategy and portfolio management across all general insurance lines and underwriting entities and work closely with Ed Lines, active underwriter of Syndicate 1084, ... Read the full article
AXA XL Insurance promotes Michael Takigawa
7th October 2021
AXA XL Insurance has announced the appointment of Michael Takigawa as its new Head of Commercial E&O for the Americas region. Takigawa is based in San Francisco and Monterey, where he will oversee the underwriting strategy and product innovation for AXA XL's Commercial E&O business in the region. He joined AXA XL ... Read the full article
AXA XL Reinsurance to simplify underwriting platform structure
1st October 2021
AXA XL’s Reinsurance, as part of the ongoing work to simplify legal entity structure, is set to make the business more consistent with AXA Group’s structure, which aligns businesses to legal entities. The company will write all new and renewal contracts via dedicated reinsurance legal entities as of January 1, 2022. This will ... Read the full article
AXA XL backs NIP Group’s Commercial Excess Liability Coverage program
30th September 2021
AXA XL Insurance and NIP Group, an insurance program administrator, have partnered to launch a new monoline Commercial Excess Liability Coverage program, which the group will now provide brokers and insureds additional coverage through. The primary focus of the program will be on landscapers, arborists, greenhouse growers, paving and excavation contractors, ... Read the full article
Talks over the sale of AXA XL Re to Covéa fail: report
29th September 2021
According to reports in France, mutual insurance group Covéa's attempt to acquire the reinsurance operations of AXA XL has failed, with sources suggesting that the price proposed was insufficient. As reported by French publication, L'Argus de l'assurance, Covéa's search for a reinsurance entity continues after AXA XL Re joins the list ... Read the full article
AXA XL Insurance names Jeremy Gittler as Head of Cyber & Tech, Americas
28th September 2021
The insurance arm of AXA's property & casualty and specialty risk division, AXA XL, has appointed Jeremy Gittler as Head of Cyber and Technology for the Americas. In his new role, Gittler will be based in New York and will manage AXA XL's cyber portfolio and will develop the regional underwriting ... Read the full article