Reinsurance News
AXA XL
AXA XL is the commercial insurance and reinsurance underwriting department of global re/insurer AXA Group.
Read all our insurance and reinsurance news related to AXA XL below.
AXA XL announces two senior promotions in North America
9th September 2021
AXA XL's North America Construction business has promoted Ray Allen and Jim Richert to lead its Construction Professional and Subcontractor Default Insurance business lines respectively. In his new role as head of AXA XL's SDI Profit Center, Richert will assume underwriting management oversight of AXA XL's SDI business, offering general contractors ... Read the full article
AXA XL appoints marine risk control expert Jarek Klimczak
27th August 2021
AXA XL's Marine insurance business has enhanced its Marine risk control expertise in the US with the addition of Senior Risk Consultant Jarek Klimczak. Klimczak previously supported the growth of AXA XL's Cargo and Bluewater Hull books in Asia and Australia. He has more than 32 years of maritime, logistics, Insurance, and ... Read the full article
AXA XL makes senior underwriting hires
18th August 2021
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of several senior environmental underwriters, along with the promotion of Jeffrey Anastasio to lead its Environmental Claims team in North America. The new underwriters include Lindsay Judd, Jay Kao, Angela Case and Igor Pavlo. Previously an ... Read the full article
AXA XL appoints Mahoney to lead Political Risk, Credit & Bond Risk Mgmt
12th August 2021
AXA XL has appointed Dane Mahoney to serve as Global Head of Political Risk, Credit & Bond (PRCB) Risk Management. Based in New York, Mahoney reports to Rafael Docavo-Malvezzi, Global Chief Underwriting Officer for PRCB and will lead a team of global risk analysts across the Americas, Asia, and the UK. He ... Read the full article
Sylvie Gleises named Country Manager, Singapore at AXA XL
15th July 2021
The insurance division of AXA's property & casualty and specialty risk division, AXA XL, has appointed Sylvie Gleises as Country Manager, Singapore, effective September 1st, 2021. Currently, Gleises serves as Global Head of Revenue Synergies and Head of Client Management for APAC & Europe at AXA XL. In her new role, which ... Read the full article
AXA XL hires David Watson from AXIS as a Senior Underwriter
13th July 2021
AXA XL, the property & casualty and specialty risk division of AXA, has named David Watson as Senior Underwriter, Political Risk, Credit & Bond (PRCB), UK & Lloyd's market. In his new role with AXA XL, Watson takes on responsibility for helping to deliver the strategic and profitable growth of the ... Read the full article
AXA XL appoints Marine Ress casualty CUO for Europe
5th July 2021
AXA XL Insurance has appointed Marine Ress as Chief Underwriting Officer, Casualty, APAC & Europe, a Paris based role. Ress’ appointment is effective October 1 and will see her oversee the management of AXA XL’s casualty portfolio. She’ll work closely with local underwriting teams and be responsible for the underwriting strategy for ... Read the full article
AXA XL names David Hughes head of hull, UK & Lloyd’s market
30th June 2021
AXA XL, the property & casualty and specialty risk division of AXA, has promoted David Hughes to Head of Hull, UK & Lloyd’s market, effective as of 1 July 2021. In his new role, Hughes will be responsible for leading AXA XL’s hull business for the UK & Lloyd’s region and driving ... Read the full article
Analysts believe a sale of XL Re could be positive for AXA
28th June 2021
Following news this morning that French, non-life mutual insurer Covéa is exploring a move for the reinsurance business of AXA XL, analysts feel a sale could be positive for AXA and increase its valuation by up to 6%. After failing to acquire SCOR in 2018, and then seeing its agreement to ... Read the full article
XL turnaround seen as key for AXA at H1: JP Morgan
28th June 2021
Analysts at JP Morgan have said that a performance turnaround for AXA’s XL division will be key to the company’s results for the first half of 2021, which are due to be released in early August. Specifically, JP Morgan says that it is important for AXA’s management to showcase that the ... Read the full article
Covéa interested in acquiring AXA XL Re: report
28th June 2021
French insurer Covéa has reportedly not given up on its plans to diversify into the reinsurance industry and is looking at the acquisition of AXA Group's non-life reinsurance operations, AXA XL Re. The news comes more than a year after Covéa's acquisition of Bermuda-based reinsurer PartnerRe was called off amid ... Read the full article
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
16th June 2021
AXA XL Insurance has appointed Rafael Docavo-Malvezzi as Global Chief Underwriting Officer for Political Risk, Credit & Bond (PRCB) and Lian Phua as Head of PRCB, Americas. Docavo-Malvezzi will report to Stephen Ashwell, CUO for Specialty Risks, and help drive global governance, underwriting guidelines and pricing standards across all Political Risk, ... Read the full article
AXA XL appoints Andrew Diesel to casualty risk consultancy role
4th June 2021
AXA XL, the property & casualty and specialty risk division of AXA, has added Andrew Diesel as casualty risk consultant, fleet in the Americas. Diesel will provide technical support to AXA XL's underwriters and clients primarily in the US and Canada. He’ll also take responsibility for executing engagements with clients, including in ... Read the full article
Fitch Ratings turns positive on AXA off improving XL performance
28th May 2021
Fitch Ratings has revised its outlook on AXA and its core insurance subsidiaries' Insurer Financial Strength (IFS) Ratings, changing AXA's Long-Term Issuer Default Rating (IDR) to Positive from Stable. Fitch’s revision is driven primarily by an expectation for the AXA group to secure a property and casualty combined ratio sustainably below ... Read the full article
AXA XL hires five senior underwriters
13th May 2021
AXA XL, the property & casualty and specialty risk division of AXA, has appointed five senior underwriters to its Canadian Casualty, Professional and Property groups. The appointments have been made to match Canada's growing demand for underwriting expertise. The appointments for the Casualty team include Gladys Adams, Joseph Renton and Gary Tobin, ... Read the full article
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