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’s US construction arm promotes Rose Hall to VP role
10th December 2020
AXA XL's North America construction insurance business has promoted Rose Hall to the newly created role of vice president, head of construction innovation. Formerly head strategic operations manager for construction risk engineering, Hall reports to Gary Kaplan, president of AXA XL's construction insurance business. Hall joined AXA XL in 2015 as a ... Read the full article
Refined AXA XL working to seize this ‘magical moment’: AXA CEO Buberl
1st December 2020
The team at AXA XL, led by Chief Executive Officer (CEO) Scott Gunter, is looking to capitalise on rising prices in the current hardening market environment, in an effort to both enhance and increase the underwriting performance of the business, according to Thomas Buberl, CEO of AXA. Today, French insurance and ... Read the full article
AXA targets stronger underwriting performance, accelerated efficiency
1st December 2020
Global insurer AXA is targeting a stronger underwriting performance, notably at AXA XL, over the next few years as part of its strategic plan "Driving Progress 2023". Outlined this morning at the insurer's virtual Investor Day, AXA's new strategic plan and key financial targets for 2021-2023 have a focus on improved ... Read the full article
AXA XL launches new Risk Scanning service
12th November 2020
AXA XL Risk Consulting has announced the launch of Risk Scanning, a new risk assessment service. The service is to be made available globally, as the solution combines the expertise of AXA XL’s risk consultants with data mining capabilities and probabilistic algorithms to carry out multi-peril assessments of a company’s physical ... Read the full article
AXA XL report highlights mangrove potential as natural coastal defence
12th November 2020
Insurance could provide a cost-effective method to help conserve and restore mangrove forests as a way to protect against coastal flooding, according to a report supported by AXA XL. The report, published by The Nature Conservancy and University of California, Santa Cruz identifies 3,000 km of coastline across 20 states, territories ... Read the full article
AXA XL hires Ian Nunn as Head of Political Risk
11th November 2020
AXA XL Insurance has announced that Ian Nunn has been appointed Head of Political Risk, Credit & Bond (PRCB) for the UK & Lloyd’s market with immediate effect. In his new role, Nunn is responsible for developing and executing the underwriting strategy for the UK & Lloyd’s market political risk and ... Read the full article
AXA XL, Xtract look to digitise commercial auto claims
10th November 2020
The insurance business of AXA XL has entered into a multiyear partnership and licensing agreement with Xtract in an effort to transform the commercial auto claims management process in the US. The first AXA XL division to intriduce data aggregation and analytics platform Xtract to its clients is their Environmental Insurance ... Read the full article
AXA XL appoints Welton to key CUO role
5th November 2020
AXA XL has announced the appointment of Peter Welton as Chief Underwriting Officer, Marine, Energy & Aerospace, UK & Lloyd’s market. Welton will look to develop and execute the underwriting strategy for the UK marine, energy & aerospace books and optimising product offering and profitability. The new role will see him lead ... Read the full article
AXA reports 2% dip in revenues; sees accelerating price increases at AXA XL
4th November 2020
Global insurer and reinsurer AXA has announced that total revenues declined by 2% to €79.7 billion for the nine month period ended September 30th, 2020, as stable revenues within its property and casualty (P&C) business were offset by lower volumes as a result of COVID-19, alongside a decline in personal ... Read the full article
AXA XL’s New Energy Risk insures fuel cell project in South Korea
21st October 2020
New Energy Risk (NER), an affiliate of global re/insurer AXA XL, has provided an insurance solution to Bloom Energy to facilitate the purchase and financing of fuel cells in South Korea. NER developed an insurance solution and monitoring schedule that addresses the operation of the fuel cells for 15 years. NER has ... Read the full article
AXA XL reveals carbon management strategy
29th September 2020
AXA XL, the property & casualty and specialty risk division of AXA, has released details of its carbon management strategy, designed to accelerate the company's contribution to the transition towards a less carbon-intensive economy by 2050. After monitoring its consumption over the past several years and using 2019 as a baseline, ... Read the full article
AXA XL launches IoT solution to monitor building health
25th September 2020
AXA XL, the property & casualty and specialty risk division of AXA, is accelerating the scaling of its new Digital Risk Engineer proposition designed to allow a company to monitor the “health” of its buildings and assets. Digital Risk Engineer will be available globally and uses Internet of Things (IoT) devices installed ... Read the full article
AXA XL promotes Jonathan Salter to Head of Risk Consulting
23rd September 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced the promotion of Jonathan Salter to Head of Risk Consulting, effective October 1st, 2020. In his new role, Salter will be responsible for driving the Risk Consulting strategy and value proposition across the globe, working closely with ... Read the full article
LMG names Sean McGovern as sponsor for business environment workstream
21st September 2020
The London Market Group (LMG) has revealed that the Chief Executive Officer (CEO) of UK & Lloyd's market at AXA XL, Sean McGovern, has become the new sponsor for the business environment workstream. The workstream proactively engages with the UK government, parliamentary parties and the civil service, ensuring they better understand ... Read the full article
Analysts forecast €1bn capital injection for AXA XL
18th September 2020
Analysts at Deutsche Bank are forecasting a €1 billion capital injection for AXA XL at year-end, in light of losses from an active hurricane season and possible costs from the Beirut explosion. Deutsche Bank recently spoke to AXA’s management team, who reiterated that no capital injection would be necessary for XL ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
