Reinsurance News
AXA XL
AXA XL’s risk innovation incubator, Cube launches
18th November 2019
AXA XL, the property & casualty (P&C) and specialty risk division of insurer AXA, has announced the launch of its risk innovation incubator, Cube. Described by insurer and reinsurer AXA XL as the first of its kind, Cube is a six week programme that provides risk managers with the opportunity to ... Read the full article
AXA results lifted by AXA XL despite heavy Q3 cat losses
7th November 2019
Global re/insurer AXA increased its revenues by 5% to €79.7 billion during the first nine months of 2019, helped by its AXA XL division, which recorded a strong performance despite above-average catastrophe losses. AXA XL grew its revenues by 11% to €14.2 billion, mainly driven by its P&C Insurance and Specialty ... Read the full article
AXA XL adds Mark Campbell, David Walker to UK Life A&H team
5th November 2019
Global re/insurer AXA XL has appointed Mark Campbell and David Walker to its UK Life, Accident & Health team. Campbell most recently served as a senior underwriter at Aspen Insurance and joins as underwriting manager, wholesale A&H. In his new role, he will oversee AXA XL’s UK wholesale A&H underwriting operation, with ... Read the full article
AXA XL announces new UK Head of Energy
15th October 2019
Peter Welton has been promoted to UK Head of Energy at AXA XL, succeeding Luis Prato, who was named Chief Underwriting Officer (CUO) for UK Legal entities earlier this year. In his new role, Welton takes responsibility for developing the UK energy book and providing and designing innovative insurance and ... Read the full article
AXA XL launches vehicle interruption cover for UK Uber drivers via new platform
4th October 2019
AXA XL has announced the launch of Vehicle Interruption Cover, an innovative, on-demand insurance solution designed to protect Uber drivers across the UK against a loss of earnings due to their vehicle being immobilised after an accident. The new solution works alongside Uber's newly implemented UK loyalty programme, UberPro, and provides ... Read the full article
AXA XL overtakes AIG as top D&O insurer: Fitch
26th September 2019
AXA XL has taken over from AIG as the leading directors and officers (D&O) insurer, now commanding a 15% market share, according to analysts at Fitch Ratings. Fitch noted that perennial market leader AIG has conceded significant market share over the last several years in an effort to reposition its book ... Read the full article
AXA XL promotes two underwriters within M&A insurance team
26th September 2019
Global re/insurer AXA XL has promoted Michelle Jensen and Pietro Tarone to the roles of senior underwriter and underwriter, within its mergers and acquisitions insurance team, respectively. The promotions of Jensen and Tarone, both of whom will be based in New York, reflect AXA XL’s continued focus on M&A insurance solutions. Jensen ... Read the full article
AXA XL to offer cybersecurity services via Accenture partnership
25th September 2019
AXA XL, the property & casualty (P&C) and specialty risk division at AXA, has announced it will provide global cybersecurity services to its clients via a new partnership with professional services firm Accenture. Using Accenture’s cybersecurity capabilities, AXA XL will help its underwriters, brokers and clients to gain a deeper understanding ... Read the full article
AXA XL adds Edward Moeller to political risk, credit & bond team
18th September 2019
AXA XL, the property and casualty and specialty risk division of AXA, has appointed Edward Moeller to its Political Risk, Credit and Bond team. In this senior underwriter role Moeller will oversee the development and maintenance of customer and broker relationships, while also taking responsibility for growing new business in targeted ... Read the full article
AXA XL develops digital hot wallet insurance
17th September 2019
AXA XL, the property and casualty and Specialty Risk division of AXA, has designed a bespoke contractual liability insurance coverage tailored for a digital "hot" wallet product offered by Hoyos Integrity Corporation, a company specialising in biometrically secured products and applications. A hot wallet refers to a cryptocurrency wallet that is ... Read the full article
AXA XL promotes three within its UK Client & Distribution team
16th September 2019
Global insurer and reinsurer AXA XL has promoted Allan Murley to Head of Broker Management as part of a number of changes to its UK Client and Distribution team. Murley's appointment is effective immediately and in his new role, he will be responsible for leading the UK Broker team and working ... Read the full article
Luis Prato named CUO for AXA XL’s UK entities
12th September 2019
AXA XL has appointed Luis Prato as its new Chief Underwriting Officer (CUO) for all UK legal entities, a long-standing employee who had been with the re/insurer since its Catlin days. The UK entities of AXA XL include Catlin Underwriting Agencies Ltd (CUAL) and XL Catlin Insurance Company UK Limited (XLCICL). ... Read the full article
AXA XL, insurtech Neptune Flood strike underwriting partnership
12th September 2019
Global re/insurer AXA XL has partnered with Neptune Flood, an all-digital flood platform that leverages data analytics to provide agents and direct buyers the ability to rapidly quote and bind a policy. It’s hoped the underwriting partnership will expand Neptune’s flood insurance capacity to homeowners throughout the US. Chris Bressette, Senior Vice ... Read the full article
Proper pricing needed for nat cat risks: Thomas Buberl, AXA CEO
9th September 2019
Speaking this morning in Monte Carlo at the annual PwC breakfast event, AXA Group CEO Thomas Buberl explained that natural catastrophe risks remain underpriced across insurance and reinsurance. Discussing the ongoing integration of XL Catlin into AXA, Buberl said that this has changed the business mix significantly for his firm. Buberl said ... Read the full article
AXA XL reveals simplified reinsurance organisational structure
6th September 2019
AXA XL has announced a number of executive appointments in what it describes as a new, simplified Reinsurance organisational structure. The new structure is aligned around the firm's key markets and is intended to enhance the focus on AXA XL's payer to partner strategy. Currently, AXA XL has four reinsurance underwriting regions: ... Read the full article