Reinsurance News
AXA XL
AXA XL Insurance bolsters underwriting team in France
28th February 2020
AXA XL Insurance, a division of global insurer AXA, has named Stéphane Vauterin as Underwriting Manager, International Financial Lines for France, based in Paris. He joins the company from Zurich Insurance where he held numerous senior financial lines underwriting roles, and brings more than two decades of industry experience to AXA ... Read the full article
AXA looks to address AXA XL volatility with additional reinsurance
20th February 2020
In an effort to minimise earnings volatility within its commercial insurance and reinsurance arm, AXA XL, French insurer AXA has purchased some additional reinsurance covers. The global insurer and reinsurer today announced its results for 2019, reporting a higher net income and elevated total revenues within AXA XL. However, while AXA ... Read the full article
AXA posts 75% net income jump for 2019, XL’s revenue hits €18.7bn
20th February 2020
French insurance and investment giant AXA saw its net income in 2019 jump 75% to €3.9 billion, with growth seen across all lines of business and geographies. This considerable jump in net income was mainly driven by a goodwill impairment of €3 billion related to Equitable Holdings in 2018. Underlying earnings increased ... Read the full article
AXA XL names Scott Gunter as new CEO as Hendrick departs
20th February 2020
AXA XL, the commercial insurance and reinsurance arm of the AXA Group, has announced that its Chief Executive Officer Greg Hendrick is set to depart and has hired Scott Gunter, formerly the Senior Vice President of Chubb Group and President of Chubb’s North America Commercial Insurance division, as its new ... Read the full article
AXA XL’s Allied Specialty & McGowan launch joint venture
12th February 2020
A subsidiary of AXA XL, Allied Specialty Insurance, Inc., has entered into a new joint venture with The McGowan Companies to launch a new firm dedicated to the insurance needs of the Amusement and Entertainment industries. The new entity from AXA XL, which is the property and casualty and specialty risk ... Read the full article
Accenture to provide cyber response service for AXA XL clients
11th February 2020
As part of its existing partnership, professional services firm Accenture is to provide its Cyber Incident Response Service to help AXA XL clients respond to and recover from cyberattacks. Accenture will provide post-breach security services for AXA XL clients outside the US, including incident management and information technology (IT) forensics. The ... Read the full article
AXA XL adds Chief Underwriting Officer, Cyber
5th February 2020
AXA XL, the property and casualty and specialty risk unit of AXA, has named Elizabeth W. Benet to Global Chief Underwriting Officer (CUO), Cyber, a newly created position. The appointment is expected to assist with the management of the firm's international cyber risk portolfio. In her new role, Benet will report ... Read the full article
AXA XL strengthens pricing team with hires from Beazley & AIG
16th January 2020
AXA XL, the property and casualty and specialty risk unit of AXA, has named Katy Bradica as Head of Pricing, Long Tail, and Mary Latham as Head of Pricing for Global Specialty. Latham brings two decades of actuarial experience to the role, and joins the global insurer and reinsurer from specialty ... Read the full article
AXA XL merges units into XL Insurance Company
13th January 2020
Global re/insurer AXA XL has merged its AXA Corporate Solutions (ACS) and AXA ART units into XL Insurance Company SE (XLICSE), effective from December 31, 2019. The decision to merge these subsidiaries in XLICSE was taken following the acquisition of XL Group by AXA in September 2018. Now, the merger has ... Read the full article
AXA XL reveals changes to Reinsurance Leadership Team
20th December 2019
AXA XL, the property and casualty and specialty risk unit of AXA, has announced a series of changes within its Reinsurance Leadership Team as part of its previously announced simplified Reinsurance organisational structure. Announced in September, the new structure is aligned around the firm’s key markets and is intended to ... Read the full article
AXA XL partners with insurtech Slice, Microsoft on cyber solution
13th December 2019
AXA XL, the property and casualty and specialty risk unit of AXA, is partnering with cloud-based insurtech firm Slice Labs to help improve the cyber resilience of Microsoft 365 Business, Office 365 Business Premium and Office 365 Business customers. The collaboration, aimed at servicing small to medium sized businesses, will give ... Read the full article
Aon’s Stephen Nguyen joins AXA XL as Client Management Leader, Asia
9th December 2019
AXA XL, the property and casualty and specialty risk unit of AXA, has announced that Stephen Nguyen has joined from insurance and reinsurance broker Aon as Client Management Leader, Asia. In this role, he will be based in Hong Kong and will report to Jonathan Mead, Head of Client & Distribution, ... Read the full article
AXA XL acquires Lloyd’s coverholder Secure Legal Title & Mexican affiliate
27th November 2019
AXA XL, the property and casualty (P&C) and specialty risk unit of AXA, has announced the acquisition of London-based insurance agency and Lloyd's of London coverholder, Secure Legal Title Limited. Secure Legal Title was founded in 2012 and provides protection to cover legal risks in property transactions and mortgage finance, with ... Read the full article
AXA XL Risk Consulting appoints Global Casualty Risk Engineering Leader
26th November 2019
AXA XL Risk Consulting has announced the appointment of Sheri Wilbanks as Global Casualty & Environmental Lines of Business Manager. Wilbanks joins the business from AIG, where she most recently served as Global Innovation Lead for AIG’s Client Risk Solutions division. Prior to that position, she served as Casualty and Financial Lines ... Read the full article
Real value in understanding & transferring ocean risk, says AXA XL’s MacFarlane
19th November 2019
AXA XL, the global P&C and Specialty insurance and reinsurance arm of the AXA Group, sees real value in the ongoing development of the world’s first Ocean Risk Index, designed to assess, transfer and trade the risks associated with the change and deterioration in our oceans, while simultaneously supporting resilience. Reinsurance ... Read the full article