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 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
Convex adds former AXA XL employee Middleton as Head of Ceded
5th July 2019
Convex Group Limited, the international specialty re/insurer set up by Stephan Catlin, has announced the appointment of Anne Middleton as Head of Ceded Reinsurance and Capital Modelling. Convex was launched this year after a successful $1.8 billion capital raise from investors and in April secured an A- rating from AM ... Read the full article
AXA XL enhances environmental pollution coverage for North America
21st June 2019
AXA XL has announced that its Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy, providing additional protection against losses resulting from pollution. The enhanced policy includes coverage for third party claims for bodily injury, property damage and remediation expense, as well ... Read the full article
AIG’s Robert Klepper joins AXA XL as CUO for short-tail insurance
18th June 2019
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Robert Klepper as Chief Underwriting Officer (CUO), Short Tail Insurance Lines. He joins AXA XL from AIG, where he has spent the previous seven years, having most recently served as President of Client Risk ... Read the full article
AXA XL appoints three leaders within UK Client & Country Management unit
18th June 2019
AXA XL has announced the appointment of three new leaders within its UK Client & Country Management division, all of which will report to Paul Greensmith, Chief Executive Officer (CEO) of UK Legal Entities. Louise Piper and Harpreet Sanghera are existing employees of the firm, and have been appointed Head of ... Read the full article
AXA XL names Northeast & Central region leaders for North American Property
22nd May 2019
AXA XL has appointed Raymond Chiusano to lead its North America Property insurance team's Northeast region, and promoted Brian Gauder to lead its North Central region. Chiusano, who will be based out of New York, is assuming the role currently held by Joseph Moylan, who has announced his planned 2020 retirement. Prior ... Read the full article
AXA XL promotes Marc Bertha to lead U.S East Region Multinational Casualty team
20th May 2019
AXA XL has promoted Marc Bertha as team lead for the U.S Eastern Region Multinational Casualty group, based in New York. He will be tasked with leading the region’s underwriting team as they partner with new and existing clients in the management of complex international risks. Bertha joined AXA XL in 2013 ... Read the full article
AXA XL sets up Seaview Re as Class 3A reinsurer to add efficiency
10th May 2019
AXA XL has established a new Class 3A reinsurer in Bermuda called Seaview Re Ltd., we've learned, with the vehicle taking a quota share of the firms U.S. risks, including property catastrophe, and set to act as a capital efficiency play. Seaview Re Ltd. was registered by AXA XL back in ... Read the full article
AXA XL’s Q1 revenue growth offset by 2% reinsurance drop
3rd May 2019
AXA XL has reported total revenue growth of 7% for the first quarter of 2019, driven by 16% growth for P&C insurance and 4% growth for specialty, but offset by a 2% decline for reinsurance. Total revenue rose to €6.1 billion, made up of €2.9 billion from P&C insurance, €1.4 billion ... Read the full article
AXA XL adds cover for cyber business interruption
25th April 2019
AXA XL, a division of French insurance and investment giant AXA, has designed a new first-party cyber insurance option to help businesses in the U.S address interruption resulting from a cyber attack. The new cyber option, which is available to businesses that buy 100% of their property coverage from AXA XL, ... Read the full article
New Energy Risk backs $260mn plastics-to-fuel plant with policy by AXA XL
24th April 2019
New Energy Risk, an insurer for renewable technology projects, has provided RES Polyflow, a plastics-to-fuel technology company, with a performance insurance program designed by AXA XL. The policy will mitigate technology risk for financiers interested in investing in RES Polyflow’s Ashley, Indiana plant, which will be the first commercial-scale plastics-to-fuel project ... Read the full article
AXA XL releases expanded contractor’s equipment insurance product
9th April 2019
AXA XL, the newly-formed division of French insurance and investment giant AXA, has announced the release of a new contractor’s equipment product in North America. Mike Perrotti, AXA XL’s Inland Marine Practice Leader for North America, explained that the new product is designed to meet the increasingly complex needs of a ... Read the full article
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