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 and water management specialist WINT extend partnership
14th June 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, and WINT Water, a provider of cutting-edge water management and leak-prevention solutions, Intelligence have announced the extension of their partnership to mitigate water damage in real estate. The AXA XL-WINT partnership looks to offer an innovative, ... Read the full article
AXA XL signs up Clearwater for investment accounting & reporting
12th June 2024
Property and casualty re/insurer AXA XL's alternative capital team has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to provide strategic support for a portion of its investment portfolio. Clearwater’s solution will provide AXA XL with timely, accurate, and comprehensive investment accounting and reporting. It was ... Read the full article
AXA XL appoints Noel Pearman as new CUO, Bermuda
7th June 2024
As part of the recently announced insurance underwriting operations reorganization in the Americas, which aligned its three business segments under Large Commercial, Mid-Market and Professional, AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Noel Pearman as the Chief Underwriting Officer ... Read the full article
AXA XL reorganizes insurance operation in the Americas
4th June 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has reshuffled its insurance underwriting operations in the Americas, aligning under three business segments: Large Commercial, Mid-Market and Professional. Lucy Pilko, Chief Executive Officer, Americas, AXA XL, commented, "After taking a close look at our structure, ... Read the full article
AXA XL appoints Robert Riha as Chief Client & Distribution Officer, APAC & Europe
22nd May 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Robert Riha as Chief Client & Distribution Officer for APAC & Europe. Riha will now report to Xavier Veyry, the Chief Executive Officer for APAC & Europe, and Manuel Meier, the ... Read the full article
AXA XL unveils coverage for SEC cyber incident reporting requirement costs
7th May 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has introduced a new cyber insurance endorsement designed to help public organisations manage the costs associated with the U.S. Securities and Exchange Commission's (SEC) updated cyber incident reporting requirements. Michelle Chia, Chief Underwriting Officer for ... Read the full article
AXA XL names new Chief Client & Distribution Officer, Americas
3rd May 2024
AXA XL has announced the appointment of Matthew V. O'Malley to the newly created role of Chief Client & Distribution Officer for the Americas. In his new role, O'Malley will lead AXA XL's US zonal teams, Canada and Bermuda country distribution, client engagement, broker engagement, and marketing activities in the Americas. He ... Read the full article
AXA XL Re premiums grow by 9% to €1.3bn in Q1
3rd May 2024
Global insurer AXA has revealed that its AXA XL Reinsurance division grew premiums by 9% in Q1 of 2024 to €1.3 billion, driven by favourable price effects in the Property and Casualty business and higher volumes in Specialty. AXA's total gross written premiums and other revenues were up 6% in Q1 ... Read the full article
AXA XL launches program to mitigate risks of assailant events
1st May 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has introduced its Active Assailant Ecosystem Preferred Partners Network to address the increasing threat of mass shootings in the United States and Canada. Recognising the urgent need for comprehensive solutions to mitigate these risks, AXA XL ... Read the full article
Farmers Mutual Hail to acquire Global Ag from AXA XL
4th April 2024
Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL. Western U.S.-headquartered Global Ag is a crop insurance provider offering solutions through the USDA multi-peril crop insurance program as well as specialty private and named peril ... Read the full article
Neil Cole promoted to Global CUO, Marine at AXA XL
27th March 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced that it has promoted Neil Cole to the role of Global Chief Underwriting Officer (CUO), Marine, effective April 1, 2024. In the role, he will be based in London, where he will report to ... Read the full article
AXA XL names Steddon Head of Crisis Management, UK & Lloyd’s and GCUO
1st March 2024
AXA XL, the P&C and specialty risk division of global insurer AXA, has made two strategic senior appointments, including the promotion of Mark Steddon to Head of Crisis Management, UK & Lloyd's and GCUO. Steddon previously served as the Head of UK and Global Product Head, War, Terrorism and Political Violence ... Read the full article
AXA XL’s US Mid-Market insurance business rolls out XL Plus
27th February 2024
AXA XL has announced that it's US Mid-Market insurance business is extending its general liability coverage for mid-size businesses by rolling out its new XL Plus broadening endorsement, which offers more than two dozen expanded protections. According to the company, the XL Plus endorsement expands the scope and depth of coverage. AXA ... Read the full article
AXA XL names new Head of M&A & Title, UK & Lloyd’s
23rd February 2024
AXA XL, the P&C and specialty risk division of global insurer AXA, has announced the promotion of Simon Price to Head of M&A & Title – UK & Lloyd's. Price has been with the company for seven years, and has held several management roles within the Mergers & Acquisitions (M&A) team. Having ... Read the full article
AXA XL’s CoR strengthens to 93.2% as GWP hits €53bn in 2023
22nd February 2024
Global insurer AXA's P&C and specialty risk division, AXA XL, recorded a 4.2 percentage point improvement in its combined ratio in 2023 to 93.2%, as gross written premiums (GWP) and other revenues rose 7% year-on-year to €53 billion, despite a reduction in the reinsurance arm. At AXA XL Reinsurance, premiums decreased ... Read the full article
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