Reinsurance News
AXA XL
AXA grows P&C business, but cuts property cat reinsurance exposure
3rd November 2023
French insurer AXA has reported 7% growth in gross written premiums (GWP) & other revenues to €41.8 billion for 9M 2023 within its property and casualty (P&C) business, as growth in commercial and personal lines more than offset a year-on-year decline at AXA XL Reinsurance. Commercial lines premiums rose 9% to ... Read the full article
AXA XL Ecosystem extends access to clients across multiple insurance lines
30th October 2023
Global re/insurer AXA XL has extended Ecosystem access to clients across its Property & Casualty and Specialty insurance lines in North America to help them uncover new technology and innovative risk solutions. The AXA XL Ecosystem is a suite of business solutions that leverages partnerships and services to help our clients ... Read the full article
AXA XL & AXA Research Fund join CCRS to help mitigate system risks
24th October 2023
Both AXA XL and the AXA Research Fund have joined a research hub created by the Cambridge Centre for Risk Studies (CCRS) to help mitigate systemic risks like climate change, pandemics, cyber threats, geopolitical change and financial crisis. According to the announcement, the Cambridge Systemic Risks Hub has a particular focus ... Read the full article
AXA XL launches new Virtual Reality training solution
20th October 2023
AXA XL Risk Consulting has announced the launch of AXA Immersive Solutions, a training solution using Virtual Reality (VR) and Digital Twin technologies. Through this solution, AXA XL’s risk consultants will be able to access a 3D model of a standard factory to provide engaging and sophisticated training for risk managers, ... Read the full article
AXA XL names Anthony Dagostino as Global Chief Cyber Underwriting Officer
14th September 2023
AXA XL, a prominent global insurance and reinsurance firm, has announced the appointment of Anthony Dagostino as the Global Chief Cyber Underwriting Officer for Commercial Lines. Dagostino, a seasoned professional with over 20 years of experience in the cyber insurance industry, will be based in New York and will report directly ... Read the full article
AXA XL names Odette Novoa Underwriting Manager, Fine Arts & Specie
13th September 2023
AXA XL has appointed Odette Novoa as Underwriting Manager, Fine Arts & Specie for the US Central Region. For the new role, Novoa is charged with managing all aspects of the underwriting operations within the central region. This includes portfolio profitability, account pricing, portfolio rate change, renewal retention, marketing, new business production, ... Read the full article
AXA XL names Manuel Meier as Chief Client Officer
6th September 2023
In a strategic move aimed at elevating client experience and strengthening engagement, AXA XL has appointed Manuel Meier as Chief Client Officer (CCO). The newly created role within the AXA XL Leadership team emphasises the company's commitment to its clients and their evolving needs. In his capacity as CCO, Meier will report ... Read the full article
AXA XL appoints Lucy Pilko as CEO, Insurance in the Americas
31st August 2023
AXA XL has announced the appointment of Lucy Pilko as Chief Executive Officer for the Americas region of its insurance operations, effective October 30, 2023. Pilko succeeds Joseph Tocco who has decided to retire, after more than 12 years as a senior executive in the company's Insurance business, including his current ... Read the full article
AXA XL names Glen Hopkinson as Country Manager for Canada
21st August 2023
AXA XL, a leading global insurance and reinsurance company, has announced the appointment of Glen Hopkinson as the new Country Manager for Canada, effective immediately. Hopkinson, who has demonstrated his capabilities as the interim leader in recent months, will take on the role of overseeing the company's insurance operations within the ... Read the full article
AXA XL appoints Vito Raimondi as Head of its U.S. Central Zone
18th August 2023
AXA XL, the P&C division and specialty risk division of AXA, has announced the appointment of Vito Raimondi as Head of its U.S. Central Zone, based in Chicago, and reporting to Matt O'Malley, AXA XL's U.S. Country Manager. Raimondi’s remit in the role will include being responsible for the overall performance of ... Read the full article
AXA XL hires RiskPoint’s Hayzelden as Head of Upstream Energy, UK & Lloyd’s
17th August 2023
AXA XL, the P&C division and specialty risk division of AXA, has appointed Lee Hayzelden as Head of Upstream Energy, UK & Lloyd’s. In his new role, Hayzelden will lead AXA XL’s Upstream Energy team, covering both offshore oil & gas and offshore renewable wind risks. In the role he will be ... Read the full article
AXA XL names Underwriting Manager, Design Professional Insurance in Canada
4th August 2023
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Kirsten Andersen as Underwriting Manager for its Design Professional insurance business in Canada. Andersen joined AXA XL in 2018 after building a successful practice as a lawyer at a prestigious insurance defence litigation law ... Read the full article
AXA XL’s combined ratio strengthens to 90.9% in H1 2023 as premiums rise
3rd August 2023
French insurer AXA has today announced a year-on-year rise in total gross written premiums (GWP) and other revenues of 2% to €55.7 billion for the first half of 2023, driven by 7% growth at AXA XL, its property and casualty (P&C) and specialty division. Across AXA XL, GWP and other revenues ... Read the full article
AXA XL unveils carbon emissions project for marine clients
18th July 2023
AXA XL in the UK has launched its Excess Emissions Insurance product, which is set to help marine clients manage their environmental footprint and support action on carbon emissions. In partnership with ClimateSeed – an impact company that provides premium carbon removal and avoidance projects – the Excess Emissions Insurance product ... Read the full article
AXA reportedly considering sale of reinsurance arm
12th July 2023
French insurer AXA is reportedly considering the sale of reinsurance division, AXA XL Re, in an effort to lower its exposure to natural disasters, reports Reuters. According to people familiar with the matter, the large insurer is discussing strategic options for the reinsurance arm which sits under AXA XL, including a ... Read the full article