McGovern: Axa XL can turn an underwriting profit in London in 2021
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McGovern: Axa XL can turn an underwriting profit in London in 2021

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Axa XL’s UK and Lloyd’s business will book a sub-100% combined ratio in 2021 following extensive remedial action over the past 12 months, CEO Sean McGovern has said.

In an interview with Insurance Insider, the executive said the “heavy lifting” had now been done at the unit, after a number of class exits, an overhaul of underwriting appetite and the sale of the UK private clients business,...

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