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 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
AXA XL reveals key findings of disaster recovery study
16th September 2020
AXA XL, the property & casualty and specialty risk division of AXA, has partnered with the Cambridge Centre for Risk Studies on a study exploring the role re/insurers play in disaster recovery, and plans to launch a new Disaster Recovery Board. The firm also plans to create a new open source database using ... Read the full article
AXA XL’s NA construction business teams up with Procore
13th August 2020
The North America Construction insurance business of AXA XL has added Procore, a leading provider of project management software, to its integrated digital platform designed to help clients manage risks on their jobsites and across their organisations. The Procore construction platform connects entire project teams and enables key stakeholders such as ... Read the full article
AXA XL unveils leadership team for UK & Lloyd’s market division
27th July 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced the new client-facing leadership team for its UK & Lloyd's region. Towards the end of April, AXA XL revealed plans for a new operating model that would see the establishment of a single global insurance underwriting ... Read the full article
AXA XL names Sean McGovern as CEO UK & Lloyd’s on a permanent basis
8th July 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced that Sean McGovern has been appointed as Chief Executive Officer (CEO) UK & Lloyd's market on a permanent basis, subject to regulatory approval. McGovern had been operating in this role in an Interim basis for a ... Read the full article
AXA XL Reinsurance closes alternative capital deal with Bluefire
7th July 2020
AXA XL Reinsurance in Bermuda has completed an alternative capital reinsurance transaction with Bluefire Insurance, a Texas based managing general agency (MGA). Under the terms of the agreement, Bluefire will assume risk from its personal auto portfolio through a collateralized reinsurance agreement with AXA XL. The transaction represents Bluefire's first risk taking ... Read the full article
AXA XL gets approval for first foreign-owned reinsurance subsidiary in China
2nd July 2020
AXA XL, the property & casualty and specialty risk division of AXA, has revealed that its China subsidiary, XL Insurance (China) Company Limited has received the go-ahead from the country's regulator to change its business license from an insurance license to reinsurance. The green light from the China Banking and Insurance ... Read the full article
Xavier Veyry named CEO Asia & Europe at AXA XL
9th June 2020
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Xavier Veyry as Chief Executive Officer (CEO) Asia & Europe. In his new role, Veyry will join the company's newly configured leadership team, and will report to CEO, Scott Gunter. Currently, Veyry serves as Country ... Read the full article
Marsh & AXA XL partner on same-day delivery solution
5th June 2020
Global re/insurance broker Marsh has announced the launch of Marsh deliveryPRO, a customisable insurance solution that enables US businesses to meet the increased demand for same-day delivery of their products more efficiently. Many grocers, delivery network companies, retailers, restaurants, and other businesses are using individual drivers as employees or in a ... Read the full article
AXA XL to launch digital construction platform
29th May 2020
AXA XL's North America Construction insurance business is set to launch an integrated digital platform that monitors and aggregates data to help contractor clients manage risks. The Construction Ecosystem will be made available to a number of current customers from June, with wider access planned for later in 2020. AXA XL claims ... Read the full article
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