Axa
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The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke. -
Plus, the latest people moves and all the top news of the week.
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The carrier reported a below-budget cat experience, despite the California wildfires.
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The board of directors was unanimous in its decision.
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The carrier’s CoR improved across P&C, including at commercial lines-focused Axa XL.
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The new European A&H business will be led by Samia Baliad, who joins the company from Axa.
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In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.
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This puts the total cumulative cash proceeds received at $319mn.
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The carrier estimated its net Helene and Milton losses at under EUR200mn.
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The settlement was announced by DAE’s lawyer Alistair Schaff on day one of the aviation ‘mega trial’.
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Guy Van Hecke has spent the last 26 years working at Axa, starting at Axa Corporate Solutions.
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Group deputy CEO Frédéric de Courtois said the issue of inflation is “mostly behind us".
