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, insurtech Neptune Flood strike underwriting partnership
12th September 2019
Global re/insurer AXA XL has partnered with Neptune Flood, an all-digital flood platform that leverages data analytics to provide agents and direct buyers the ability to rapidly quote and bind a policy. It’s hoped the underwriting partnership will expand Neptune’s flood insurance capacity to homeowners throughout the US. Chris Bressette, Senior Vice ... Read the full article
Proper pricing needed for nat cat risks: Thomas Buberl, AXA CEO
9th September 2019
Speaking this morning in Monte Carlo at the annual PwC breakfast event, AXA Group CEO Thomas Buberl explained that natural catastrophe risks remain underpriced across insurance and reinsurance. Discussing the ongoing integration of XL Catlin into AXA, Buberl said that this has changed the business mix significantly for his firm. Buberl said ... Read the full article
AXA XL reveals simplified reinsurance organisational structure
6th September 2019
AXA XL has announced a number of executive appointments in what it describes as a new, simplified Reinsurance organisational structure. The new structure is aligned around the firm's key markets and is intended to enhance the focus on AXA XL's payer to partner strategy. Currently, AXA XL has four reinsurance underwriting regions: ... Read the full article
Austin Su named US Underwriting Lead of AXA XL’s Structured Risk Solutions
4th September 2019
AXA's property and casualty (P&C) and specialty division, AXA XL, has named Austin Su as US Underwriting Lead of its Structured Risk Solutions (SRS) business. Based in New York, Su joins SRS' expanding global Alternative Risk Transfer business and will have a focus on the development of structured re/insurance solutions for ... Read the full article
Steven Farr promoted to Global Head of Upstream Energy, AXA XL Insurance
2nd September 2019
AXA XL Insurance has announced the promotion of Steven Farr to Global Head of Upstream Energy, effective immediately. In his new role, Farr will be tasked with leading the firm's Global Upstream Energy team, based in London. He will be responsible for developing the Upstream Energy book, expanding on and delivering ... Read the full article
Not a “one year and done” rate increase situation: Hendrick, AXA XL CEO
28th August 2019
The insurance and reinsurance market is not looking at a "one year and done" rate increase situation, as a number of factors suggest there could be more to come, according to AXA XL CEO Greg Hendrick. Hendrick believes that while we haven't seen the kind of capital erosion required to turn ... Read the full article
XL Innovate leads auto insurtech Zendrive’s $37m funding round
21st August 2019
Data and analytics firm Zendrive has raised $37 million in a Series B funding round led by XL Innovate, AXA XL’s venture capital insurtech fund. The funding round also saw the involvement of Hearst Ventures and existing investors including ACME Capital, BMW iVentures, NYCA, SignalFire. Zendrive plans on using the funds to ... Read the full article
AXA XL’s Gino Smith joins AXIS Re as Head of Property, EMEA LatAm
14th August 2019
Gino Smith has joined AXIS Re, the reinsurance arm of Bermuda's AXIS Capital Holdings Limited, as Head of Property for EMEA LatAm, effective November 2019. In his new role he will be based in Zurich and will report to President of EMEA LatAm, Andy Hottinger. Smith will take oversight of the reinsurer's ... Read the full article
AXA XL adds Zurich’s Arezes to Property Insurance team in Canada
13th August 2019
Global re/insurer AXA XL has announced the appointment of Jennifer Arezes to its Property Insurance team in Canada as the firm targets national growth of its P&C Large Property business. She will work alongside Ian Rutherford, Head of Property, Canada and Urs Uhlmann, Chief Executive Officer and Country Manager of AXA ... Read the full article
AXA grows revenues by 4% in H1, boosted by AXA XL results
1st August 2019
Global re/insurer AXA has reported that its gross revenues increased by 4% to €57.9 billion in the first half of 2019, boosted by growth in its recently integrated AXA XL division. AXA XL recorded gross revenues of €10.4 billion for the first six months of the year, representing an increase of ... Read the full article
AXA XL appoints trio of senior execs to London Reinsurance team
29th July 2019
AXA XL has announced three senior appointments to its London Reinsurance team, who will serve as the new heads of US Property London, US Casualty Treaty, and Specialty. From September 1, Megan Kempe will become Head of US Property London, having been promoted from her previous role as Vice President. As Vice ... Read the full article
AXA XL partners with Vindati on Ocean Cargo insurance for SMEs
25th July 2019
The US Marine division of global re/insurer AXA XL has partnered with InsurTech Managing General Underwriter (MGU), Vindati, to offer Ocean Cargo insurance for SMEs through Vindati's proprietary rate, quote, bind, issue online platform. Vindati offers specialty products and an integrated shopping experience for brokers and agents. In addition to offering AXA ... Read the full article
AXA XL promotes Simon Hearn to CUO for London Market Wholesale
23rd July 2019
AXA XL insurance has announced the promotion of Simon Hearn to Chief Underwriting Officer (CUO) for London Market Wholesale. In his new role, Hearn will lead AXA XL’s Property & Casualty London Wholesale business, with responsibility for developing underwriting strategies and ensuring product profitability. He will also continue in his existing role ... Read the full article
Paul-Henri Rastoul named CUO of XL Insurance Company
22nd July 2019
Paul-Henri Rastoul has been appointed Chief Underwriting Officer (CUO) of XL Insurance Company SE (XLICSE), a wholly owned subsidiary within the AXA XL segment of AXA Group. Effective immediately, Rastoul joins the AXA XL International Property & Casualty (P&C) leadership team, and will be based in Dublin. In his new role, he ... Read the full article
AXA XL & Swiss Re collaborate on auto sector supply chain resilience
18th July 2019
Insurance and reinsurance giants, AXA XL and Swiss Re have collaborated to improve the understanding of supply chain risks and develop greater supply chain resilience within the automotive industry. A recent post by Rachel Alt-Simmons, Head of Strategic Design, Insurance Pricing and Anne Sheehy, Head of Property Pricing, Insurance Pricing at ... Read the full article
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