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.
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
AXA XL promotes Jennifer Minors to SVP in Bermuda Professional Lines unit
3rd April 2019
AXA XL has announced the promotion of Jennifer Minors to Senior Vice President – Product Line Leader in its Bermuda Professional Lines Insurance business. She will now be responsible for managing directors and officers (D&O), professional liability, employment practices liability (EPL), wage & hour (W&H), transactional liability (TL) and cyber liability ... Read the full article
Chris McKeown steps down as Vice Chairman of New Ocean
2nd April 2019
AXA XL has announced that Chris McKeown, the former CEO of its ILS management platform New Ocean Capital Management, has stepped down from his role as Vice Chairman to pursue other interests. McKeown has more than 30 years of re/insurance and alternative capital management experience, and was the founding CEO of ... Read the full article
AXA to further reduce earnings volatility with increased use of reinsurance: Analysts
2nd April 2019
Following its acquisition of XL Group last year, global insurer AXA has been de-risking its catastrophe exposure, a trend that J.P. Morgan analysts expect to continue in 2019, with the help of alternative reinsurance capital. During last year, AXA and XL Group ceded increased volumes of catastrophe exposure to reinsurance and ... Read the full article
AXA XL and Assurely partner on crowdfunding investor protection
7th March 2019
AXA XL has partnered with insurtech firm Assurely on an insurance product for issuers and investors that safeguards new online capital formation strategies, including equity crowdfunding and security token offerings (STOs). The product, called CrowdProtector, provides issuers protection against investor complaints and lawsuits, and communicates to investors that they may have ... Read the full article
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