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.
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
AXA XL hires Anish Jadav as Retail P&C CUO for UK, Lloyd’s
10th May 2021
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Anish Jadav as Chief Underwriting Officer, Retail Property & Casualty (P&C), UK & Lloyd’s market. In his new role, Jadav will oversee AXA XL’s Retail P&C underwriting strategy and optimising product offering and profitability. He will be responsible ... Read the full article
AXA reports 2% revenue growth for Q1; favourable price effects at AXA XL
4th May 2021
Global insurer AXA has reported total revenue growth of 2% for the first quarter of 2021 to €31 billion, driven in part by favourable price effects at AXA XL which helped its commercial lines segment grow by 4% to €11.6 billion during the period. Across AXA's property and casualty (P&C) operation, ... Read the full article
Enstar completes ADC reinsurance transaction with AXA XL
4th May 2021
A wholly owned subsidiary of Enstar Group Limited has completed an adverse development cover (ADC) transaction with AXA XL, the property & casualty and specialty risk division of AXA. Under the terms of the arrangement, Enstar's subsidiary assumed reinsurance losses incurred on or prior to December 31st, 2019, on a diversified ... Read the full article
AXA XL’s North America Construction business adopts RCT platform
22nd April 2021
AXA XL's North America Construction insurance business has adopted the software platform from Risk Control Technologies (RCT), Inc. RCT’s risk engineering enterprise software platform is specific to the re/insurance industry and provides clients with access to risk engineering and loss prevention information. AXA XL's Construction Risk Engineering team will use the platform ... Read the full article
AXA XL partners with SpaceAble to support satellite operators
21st April 2021
AXA XL has formed a new partnership with SpaceAble, a start-up specialising in Space Situational Awareness (SSA), to better support satellite operators and organisations operating in space. Based in France, SpaceAble’s aim is to enhance operational safety in Low Earth Orbit (LEO) through the collection and management of space-related data and ... Read the full article
AXA XL names Khera as Head of Marine, UK & Lloyd’s and Global Head of Hull
7th April 2021
AXA XL, the property & casualty and specialty risk division of AXA, has named Sundeep Khera as Head of Marine, UK & Lloyd’s market, and Global Head of Hull. Khera, who currently serves as Head of Marine, Asia-Pacific at AXA XL based in Singapore, takes on the UK & Lloyd's market ... Read the full article
AXA XL reorganises reinsurance under new entity
6th April 2021
AXA XL has moved to consolidate its reinsurance operations under the newly-formed AXA XL Re entity, in an effort to more easily bifurcate and evaluate the performance of its insurance and reinsurance business segments. AXA XL Re's business will predominantly consist of renewing reinsurance policies previously underwritten by XL Bermuda Ltd. The ... Read the full article
AXA XL enters into ADC agreement with Enstar
25th February 2021
AXA XL, the property & casualty and specialty risk division of AXA, has entered into an adverse development cover (ADC) agreement with a wholly owned subsidiary of Enstar Group Limited. The ADC agreement sees AXA XL secure coverage for 90% of potential adverse developments on its legacy long tail line reserves ... Read the full article
AXA’s P&C underlying earnings down in 2020 on COVID-19 claims
25th February 2021
Global insurer AXA has reported an 18% dip in net income to €3.164 billion for 2020 and a 34% dip in underlying earnings to €4.264 billion, driven in part by the impacts of the COVID-19 pandemic on the performance of its AXA XL property and casualty (P&C) business. All in all, ... Read the full article
AXA XL appoints Matthew O’Malley to US Country Manager
12th February 2021
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Matthew O'Malley as its US Country Manager. O’Malley will report to Joe Tocco, Chief Executive Officer of AXA XL's Americas region. With over 25 years of experience in the insurance industry, O’Malley has held numerous underwriting and management ... Read the full article
AXA XL appoints Munich Re’s Michael Yeats to lead LatAm Reinsurance
4th February 2021
AXA XL, the property & casualty and specialty risk division of AXA, has hired Michael Yeats from Munich Re to serve as Head of Latin America, Reinsurance, based in Bogota, Colombia. In his new role, Yeats takes on oversight of the company's reinsurance offices in Bogota, Buenos Aires, Miami, and Sao ... Read the full article
Insurtech Cytora adds AXA XL’s Kelly Lyles to advisory board
4th February 2021
UK insurtech Cytora has appointed Kelly Lyles to its advisory board in an effort to drive its expansion into the commercial insurance market. Lyles previously served at AXA XL as Chief Executive Officer, Country Management. She brings 35 years’ experience in underwriting and general management in global commercial insurance and previously spent ... Read the full article
AXA XL program to address mass timber construction risks
1st February 2021
AXA XL, the property & casualty and specialty risk division of AXA, has announced a new tailored insurance solution to help clients address mass timber construction risks in North America. Mass timber is a family of engineered wood products (EWPs) that use small wood members to produce large wood panels, beams ... Read the full article
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