Reinsurance News
AXA XL
Not a “one year and done” rate increase situation: Hendrick, AXA XL CEO
28th August 2019
The insurance and reinsurance market is not looking at a "one year and done" rate increase situation, as a number of factors suggest there could be more to come, according to AXA XL CEO Greg Hendrick. Hendrick believes that while we haven't seen the kind of capital erosion required to turn ... Read the full article
XL Innovate leads auto insurtech Zendrive’s $37m funding round
21st August 2019
Data and analytics firm Zendrive has raised $37 million in a Series B funding round led by XL Innovate, AXA XL’s venture capital insurtech fund. The funding round also saw the involvement of Hearst Ventures and existing investors including ACME Capital, BMW iVentures, NYCA, SignalFire. Zendrive plans on using the funds to ... Read the full article
AXA XL’s Gino Smith joins AXIS Re as Head of Property, EMEA LatAm
14th August 2019
Gino Smith has joined AXIS Re, the reinsurance arm of Bermuda's AXIS Capital Holdings Limited, as Head of Property for EMEA LatAm, effective November 2019. In his new role he will be based in Zurich and will report to President of EMEA LatAm, Andy Hottinger. Smith will take oversight of the reinsurer's ... Read the full article
AXA XL adds Zurich’s Arezes to Property Insurance team in Canada
13th August 2019
Global re/insurer AXA XL has announced the appointment of Jennifer Arezes to its Property Insurance team in Canada as the firm targets national growth of its P&C Large Property business. She will work alongside Ian Rutherford, Head of Property, Canada and Urs Uhlmann, Chief Executive Officer and Country Manager of AXA ... Read the full article
AXA grows revenues by 4% in H1, boosted by AXA XL results
1st August 2019
Global re/insurer AXA has reported that its gross revenues increased by 4% to €57.9 billion in the first half of 2019, boosted by growth in its recently integrated AXA XL division. AXA XL recorded gross revenues of €10.4 billion for the first six months of the year, representing an increase of ... Read the full article
AXA XL appoints trio of senior execs to London Reinsurance team
29th July 2019
AXA XL has announced three senior appointments to its London Reinsurance team, who will serve as the new heads of US Property London, US Casualty Treaty, and Specialty. From September 1, Megan Kempe will become Head of US Property London, having been promoted from her previous role as Vice President. As Vice ... Read the full article
AXA XL partners with Vindati on Ocean Cargo insurance for SMEs
25th July 2019
The US Marine division of global re/insurer AXA XL has partnered with InsurTech Managing General Underwriter (MGU), Vindati, to offer Ocean Cargo insurance for SMEs through Vindati's proprietary rate, quote, bind, issue online platform. Vindati offers specialty products and an integrated shopping experience for brokers and agents. In addition to offering AXA ... Read the full article
AXA XL promotes Simon Hearn to CUO for London Market Wholesale
23rd July 2019
AXA XL insurance has announced the promotion of Simon Hearn to Chief Underwriting Officer (CUO) for London Market Wholesale. In his new role, Hearn will lead AXA XL’s Property & Casualty London Wholesale business, with responsibility for developing underwriting strategies and ensuring product profitability. He will also continue in his existing role ... Read the full article
Paul-Henri Rastoul named CUO of XL Insurance Company
22nd July 2019
Paul-Henri Rastoul has been appointed Chief Underwriting Officer (CUO) of XL Insurance Company SE (XLICSE), a wholly owned subsidiary within the AXA XL segment of AXA Group. Effective immediately, Rastoul joins the AXA XL International Property & Casualty (P&C) leadership team, and will be based in Dublin. In his new role, he ... Read the full article
AXA XL & Swiss Re collaborate on auto sector supply chain resilience
18th July 2019
Insurance and reinsurance giants, AXA XL and Swiss Re have collaborated to improve the understanding of supply chain risks and develop greater supply chain resilience within the automotive industry. A recent post by Rachel Alt-Simmons, Head of Strategic Design, Insurance Pricing and Anne Sheehy, Head of Property Pricing, Insurance Pricing at ... Read the full article
Convex adds former AXA XL employee Middleton as Head of Ceded
5th July 2019
Convex Group Limited, the international specialty re/insurer set up by Stephan Catlin, has announced the appointment of Anne Middleton as Head of Ceded Reinsurance and Capital Modelling. Convex was launched this year after a successful $1.8 billion capital raise from investors and in April secured an A- rating from AM ... Read the full article
AXA XL enhances environmental pollution coverage for North America
21st June 2019
AXA XL has announced that its Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy, providing additional protection against losses resulting from pollution. The enhanced policy includes coverage for third party claims for bodily injury, property damage and remediation expense, as well ... Read the full article
AIG’s Robert Klepper joins AXA XL as CUO for short-tail insurance
18th June 2019
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Robert Klepper as Chief Underwriting Officer (CUO), Short Tail Insurance Lines. He joins AXA XL from AIG, where he has spent the previous seven years, having most recently served as President of Client Risk ... Read the full article
AXA XL appoints three leaders within UK Client & Country Management unit
18th June 2019
AXA XL has announced the appointment of three new leaders within its UK Client & Country Management division, all of which will report to Paul Greensmith, Chief Executive Officer (CEO) of UK Legal Entities. Louise Piper and Harpreet Sanghera are existing employees of the firm, and have been appointed Head of ... Read the full article
AXA XL names Northeast & Central region leaders for North American Property
22nd May 2019
AXA XL has appointed Raymond Chiusano to lead its North America Property insurance team's Northeast region, and promoted Brian Gauder to lead its North Central region. Chiusano, who will be based out of New York, is assuming the role currently held by Joseph Moylan, who has announced his planned 2020 retirement. Prior ... Read the full article