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.
Costly natural disasters see AXA XL slump to €233m full year loss
21st February 2019
AXA XL, the newly-formed division of French insurance and investment giant AXA, has seen significant impacts from two major natural catastrophes in the fourth quarter of 2018 result in the posting of a €233 million full year loss. The California wildfires, which consisted mainly of the Camp and Woolsey fires in Northern ... Read the full article
AXA XL details potential job cuts in future plans
12th February 2019
AXA XL has drafted a plan for the future target operating model and organisational structure of the business, which includes the potential reduction of 711 positions in Europe. The plan, which has been presented to representatives in France, Italy, Germany and the UK, forms part of the process to unite AXA ... Read the full article
AXA XL affiliate signs MoU with ThermoChem Recovery
1st February 2019
New Energy Risk (NER), a provider of performance risk solutions for breakthrough technologies and an AXA XL affiliate, has signed a memorandum of understanding (MoU) with ThermoChem Recovery International, Inc. (TRI), designed to accelerate project development, increase profits and provide certainty of execution. NER has completed due diligence on TRI's range of biorefinery-technologies, ... Read the full article
AXA XL renews and expands partnership with Guidewire Software
29th January 2019
AXA XL has partnered with Guidewire Software, Inc. in order to have global access to the Silicon Valley-based company's Guidewire Cyence Risk Analytics (Cyence) modelling solution for cyber exposures. Cyence is designed to help quantify the financial impact of cyber risk exposures, and AXA XL's Cyber Insurance unit has utilised the ... Read the full article
AXA XL unit completes move to Ireland ahead of Brexit
18th January 2019
AXA XL has completed the transfer of its wholly owned subsidiary, XL Insurance Company SE (XLICSE), to Dublin, Ireland ahead of the UK’s planned departure from the European Union (EU). The insurer previously announced in October 2018 that it had received authorisation from the Central Bank of Ireland to go ... Read the full article
AXA XL broadens U.S errors & omission coverage
15th January 2019
AXA XL Insurance, a division of French insurance and investment giant AXA, has expanded the product offering of its errors & omission program in the U.S and extended its in-house liability underwriting expertise to law firms of all sizes. The program can now provide any law firm, including defence firms, with ... Read the full article
AXA XL partnership to utilise AI for faster assessment of property site surveys
10th January 2019
AXA XL’s risk management solutions business is attempting to utilise the benefits of Artificial Intelligence (AI) for the assessment of property site surveys. By partnering with Expert System, an Italian software company, AXA XL Risk Consulting is hoping to exploit cognitive computing to drastically improve the rate at which its team ... Read the full article
AXA XL’s reinsurance business adds Etienne Champion to lead Underwriting in Asia
11th December 2018
AXA XL’s reinsurance business has appointed Etienne Champion as Head of Underwriting Asia, International Reinsurance, effective 1 December 2018. In his new role, Champion will be responsible for building AXA XL’s reinsurance portfolio and growing market presence in Asia. He will work together with the local reinsurance underwriting teams to further develop ... Read the full article
AXA XL promotes Shellé Hendrickson to Head of Healthcare, Bermuda
10th December 2018
AXA XL has announced that Shellé Hendrickson is to succeed Vivenne Moniz as Head of Healthcare in its Bermuda Insurance business. In her new role, Hendrickson will be responsible for developing, implementing and driving the strategies of the Healthcare underwriting unit. She will report to Moniz, who was promoted to Head ... Read the full article
AXA anticipating $70bn cat losses in 2018, says AXA XL CEO Hendrick
30th November 2018
AXA Group is expecting the global insurance industry to incur at least $70 billion of natural catastrophe losses over 2018, AXA XL's Chief Executive Officer (CEO) Greg Hendrick told attendees at the Group’s annual investor day on Wednesday. “That makes '17 and '18 together the single largest two-year period,” Hendrick noted. ... Read the full article
AXA XL division to adopt AXA Group’s climate strategy
29th November 2018
AXA Group has announced that its sustainability and climate strategy will be extended to AXA XL, the division that was established following the acquisition of XL Group. The move will see AXA XL, which focuses on large property and casualty (P&C) Commercial Lines, implement the Group’s Corporate Responsibility policies, including those ... Read the full article
AXA XL partners with France’s Cedre on environmental risk policies
27th November 2018
AXA XL Insurance is to offer new environmental risk services for companies based in France via a partnership with Cedre, an organisation that specialises in helping governments and companies mitigate the impact of ecological incidents. The collaboration with Cedre (Centre de Documentation de Recherche et d’experimentations sur les pollutions accidentelles des ... Read the full article
AXA XL acquires full ownership of New Ocean Capital Management
19th November 2018
AXA XL has announced that its reinsurance operation has acquired all third-party ownership interests in New Ocean Capital Management Limited, its majority-owned ILS fund management platform. XL Group founded New Ocean in July 2013 in partnership with private equity fund Stone Point Capital, and later with Japanese conglomerate, Mitsui & Co., Ltd. Having ... Read the full article
AXA XL, MS Amlin, RFIB among firms testing new insurtech platform
26th October 2018
A consortium of insurance entities including AXA XL, Neon, MS Amlin, RFIB Group, and Antares has formed to test a new platform created by London-based software company Whitespace. Whitespace has built a fully-digital mobile and desktop platform to negotiate, quote and place insurance risks. Since April this consortium have engaged with the company ... Read the full article
AXA XL authorised to move insurance subsidiary to Ireland amid brexit uncertainty
17th October 2018
AXA XL has taken a step closer to moving its European Union insurance company, XL Insurance Company SE (XLICSE), from the UK to Ireland with the news that it has received authorisation in principle from the Central Bank of Ireland. The purpose of the move is to ensure continuity following the ... Read the full article
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