Reinsurance News
AXA XL
AXA XL expands Lawyer’s E&O offering with cyber insurance option
9th November 2022
AXA XL, the property & casualty and specialty risk division of AXA, has added Cyber Suite, a cyber and security insurance coverage as an option to its Lawyers' Errors & Omissions (E&O) insurance program. According to the announcement, this move aims to help lawyer firms minimise the high financial cost and ... Read the full article
Stephen White to lead AXA XL’s Alt Risk and Captives team
8th November 2022
AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Stephen White as Alternative Risk and Captives Leader for Canada. In his new role, based in Toronto, White will oversee the continued growth of the company’s captive business in Canada, working closely with clients ... Read the full article
AXA XL launches Innovation Office in the Americas, appoints Head
28th October 2022
AXA XL Insurance has launched an Underwriting Innovation Office in the Americas, appointing Rose Hall as Head. Under Hall's leadership, AXA XL state that the Americas Underwriting Innovation Office will liaise across business lines and support functions in the Americas, including Client Distribution, Underwriting, and Risk Engineering/Consulting, to support innovation initiatives ... Read the full article
African Development Bank, UK & London Market insurers enter risk transfer partnership
24th October 2022
The African Development Bank, the government of the United Kingdom, and global insurers, AXA XL, Axis Specialty, and HDI Global Specialty, have closed on a new and innovative risk sharing transaction. The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments ... Read the full article
AXA XL expected to produce underwriting profit despite Hurricane Ian losses
14th October 2022
AXA XL is expected to produce an underwriting profit despite losses caused by Hurricane Ian, according to a recent report by analysts at JP Morgan. Ahead of the release of the third quarter Activity Indicators on 2nd November JP Morgan is lowering its underlying earnings estimates for AXA by ~2%-6% over ... Read the full article
AXA XL promotes Michael McKinley to lead NA construction business
12th October 2022
AXA XL has promoted Michael McKinley to lead its Construction Primary Casualty Insurance business in North America. The firm said in a statement that McKinley will lead the continued growth of its Construction Primary Casualty business, helping construction companies address their Auto Liability, General Liability, Workers' Compensation and Wrap Up insurance ... Read the full article
AXA XL promotes Gazzard to E&O Product Line Leader, Professional Lines
11th October 2022
AXA XL has promoted Mike Gazzard to the role of Senior Vice President and E&O Product Line Leader of its Bermuda Insurance Professional Lines Team. Within this role he will report to Matthew Irvine, AXA XL’s Bermuda Professional Lines Chief Underwriting Officer. Gazzard, who has been with AXA XL since 2019, previously ... Read the full article
AXA XL names Florian Richard as Chief Risk Officer, Americas
10th October 2022
AXA XL has announced the appointment of Florian Richard as Chief Risk Officer for the Americas and as Head of Underwriting Risk. Richard previously served as Head of Underwriting Risk, Reinsurance at AXA XL, having taken up this role in January 2022. Prior to this he spent two years at AXA XL ... Read the full article
AXA XL Re unveils seven new global product leaders
7th October 2022
AXA XL Re, the reinsurance arm of AXA's property & casualty and specialty risk division, has today announced the appointment of a range of new global product leaders. This includes a new role for Tristan Abend, formerly Head of International Property Treaty, who will now lead International Property at the reinsurer. Greg ... Read the full article
Top 20 U.S. cyber insurers all saw premium growth in 2021
6th October 2022
Of the approximately $4.8 billion of U.S. cyber insurance premiums underwritten in 2021 by the property & casualty (P&C) industry, more than 81% came from the top 20 cyber insurers in the U.S. marketplace, led by global insurer Chubb. Based on research data from rating agency AM Best, ... Read the full article
AXA XL promotes Aditi Shukla to Country Head of India
5th October 2022
AXA XL has appointed Aditi Shukla to the roles of Country Head for India and Head of India shared services. Shukla’s LinkedIn profile indicates that she has held various roles at XL Catlin in India for nearly 10 years prior to taking up this new role. These include positions as Senior Vice ... Read the full article
AXA XL Reinsurance names Mark Twite CEO, Bermuda
30th September 2022
Mark Twite has been appointed Chief Executive Officer (CEO) of AXA XL Reinsurance Bermuda, the property and casualty and specialty risk unit of global insurer AXA. From 3 October, Twite will be responsible for the strategic growth of the business in Bermuda, ensuring capital is effectively deployed in order to drive ... Read the full article
Brett Stewart to lead AXA XL loss prevention education programs in NA
29th September 2022
AXA XL Insurance has announced that it has promoted Brett Stewart to Manager of Loss Prevention and Education for AXA XL’s Design Professional insurance business in North America. In a press release, it stated that within this new role, Stewart will lead development of loss prevention and education programs and materials for AXA ... Read the full article
AXA XL appoints leaders for new Group Captives unit
16th September 2022
AXA XL’s Primary Casualty Business has appointed both Mark Benz and Joseph Davina to lead the newly created Group Captives unit. Both Benz and Davina will be based in New York and will report to Chris Kopser - President and CUO Primary Casualty, Americas. Benz takes on the role as Head of Group Captives Primary ... Read the full article
AXA XL announces replacement chair for UK supervisory roles
14th September 2022
AXA XL has announced that Claire Ighodaro CBE will be retiring from her position as Chair of the Boards of AXA XL Underwriting Agencies Ltd and AXA XL Insurance Company UK Ltd . Her retirement is effective as of December 31, 2022. AXA XL has also confirmed that Nigel Hinshelwood has been ... Read the full article